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The Ernst & Young Entrepreneur of the Year Award
Book

The Ernst & Young Entrepreneur of the Year Award

Insights from the Winner's Circle

Gregory K. Ericksen
Kaplan Publishing, 2002
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Editorial Rating

8

Qualities

  • Applicable

Recommendation

The Ernst and Young Entrepreneur of the Year (EOY) Awards identify the best entrepreneurs, and author Gregory K. Ericksen runs the awards program. This gives him unusual insight into the judging criteria and the winners’ performance standards. His clearly written text brings you into the judging process, and then explains how your business can triumph in leadership, team building, innovation and financial performance. He shares advice and experience from judges (former EOY winners) and current winners. Profiles of the judges and longer examinations of winning companies - including Enterprise Rent-A-Car, Southwest Airlines and 1-800-Flowers - offer practical case histories of entrepreneurs who have done it all, from starting out in garages to surviving disasters to succeeding in pacesetting businesses. Despite his cheerleading tone, Ericksen gets down in the trenches of entrepreneurship. getAbstract.com recommends his inside look at its triumphs and travails to owners and managers of businesses large and small. (Editor’s note: getAbstract provided some consulting services to Ernst & Young during the preparation of this book.)

Summary

Good Judgment

The Ernst & Young Entrepreneur of the Year (EOY) Awards place winning business leaders in the national and international spotlight. The credibility of the awards rests upon the excellence of the winners, therefore the judging criteria are tough and specific. The awards showcase entrepreneurs who demonstrate their abilities in every area. Entrepreneur of the Year judges, former winners themselves, use these six key criteria to gauge performance:

  1. Leadership - This category highlights vision, dedication, intelligent risk taking and personal as well as professional growth. Leaders are determined and independent. They build teams, delegate authority and work with passion and high standards.
  2. Financial performance - First, a business must make a profit. Entrepreneurs show hard statistical evidence that they plan and manage for long term sustainability.
  3. Management team - Judges seek entrepreneurs who have amassed topnotch, committed management teams, from their boards to their executive ranks.
  4. Culture, values and incentives - A winning business respects its employees and rewards their ...

About the Author

Gregory K. Ericksen, national director of entrepreneurial services at Ernst & Young, is coauthor of The Ernst & Young Guide to Taking Your Company Public and three other entrepreneurship books. He chairs the Ernst & Young International Entrepreneurial Services Steering Committee and the Entrepreneur of the Year Institute. He is a member of the Pacific Americas Commerce and Trade Pact and a board member of the U.S. Chamber of Commerce.

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