Minister of International Trade and Industry (MITI), Tengku Datuk Seri Zafrul Abdul Aziz graced the Launching Ceremony of the 2024 Industrial Excellence Awards (AKI) at Johor Port Berhad. Johor Port Berhad is the winner of the AKI Prime Minister’s Award 2020 which is also the winner of the Category 4 Service Sector Excellence Award.
AKI was first introduced by MITI in 1991 to recognise companies that excel in management practices, have quality products and services, and consistently provide high added value to customers and stakeholders. The award ceremony is held every two years.
A total of 14 categories will be contested for AKI 2024 which consists of eight main categories namely Manufacturing Sector (three categories), Service Sector (4 categories) and Open Category. Other categories are the Most Potential Company, Industry4WRD and recently, two new awards were introduced, namely the Productivity Excellence Award (3 categories) and the ESG Excellence Award. The winners of the main categories will compete for the Prime Minister’s Award, the highest recognition given by the Government to the industry.
AKI 2024 will be open for participation from 1 April to 31 August 2023. Application for participation can be submitted through an online system that can be accessed through aki.miti.gov.my. MITI targets at least 120 companies that meet the eligibility criteria to participate in AKI 2024.
AKI 2024 evaluation criteria is based on the Malaysian Business Excellence Framework (MBEF), and includes business performance, clear goal setting, effective implementation of productivity initiatives, and best practices in corporate governance. MBEF is in line with the excellence framework used internationally by organizations in developed countries.
AKI offers winning incentives to celebrate companies that demonstrate significant progress in management practices, product and service quality improvement. Among the incentives that await the winners of AKI 2024 are trophies, cash prizes, training and promotional activities.
Participating companies can reap the benefits of a detailed assessment carried out by an independent team that will assess each company according to internationally accepted standards. Companies will be able to benefit from reports on certain aspects of the company that can be improved in the pursuit of business excellence.
Accordingly, companies are encouraged to apply to participate in AKI 2024. Companies not only have the opportunity to win awards and the various winning incentives offered, but can also evaluate management practices, products and services based on the excellence framework used internationally.
