THE Government yesterday pledged #500,000 to a new campaign aimed at
increasing companies' competitiveness and improving management quality.
The money will help set up new quality awards, tipped to become the
most prestigious business prizes in the country.
Michael Heseltine, president of the Board of Trade, told a London
conference to launch the awards that not enough UK companies were world
class. ''It is vital that more firms should have world-class
performances as their goal.
''Companies face daunting challenges such as rapid changes in
technology and more demanding customers and it is essential for their
own survival that British firms confront these pressures successfully,''
he said.
ICI chairman Sir Denys Henderson is to head the foundation set up to
run the awards which has 1200 member firms. The winners will be
announced in November.
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