Frost & Sullivan has chosen Grundfos Management A/S as the recipient of the 2007 Frost & Sullivan Company of the Year Award in the water and wastewater industry for its superior product portfolio and focused customer-centric approach.
"Grundfos is renowned for its strong presence and distribution network spread across 40 countries, which has enabled it to understand the local markets and provide customized solutions for its customers," says Frost & Sullivan research analyst Dushyant Mehra.
"In recognition of its continued capability to deliver pioneering solutions that positively influence customers' overall productivity, Frost & Sullivan is proud to present Grundfos Management A/S with the 2007 Company of the Year Award in the world pumps market for the water and wastewater industry," said Mehra.
Each year Frost & Sullivan presents this award to the company that has demonstrated excellence in all operations. The award is based on numerous factors including the company's business development, competitive strategy, and leadership within a particular Frost & Sullivan industry research group (IRG).
The recipient is perceived to exhibit outstanding management, consistent growth, and positive economic impact on customers. Exceptional customer service has been noted as crucial to success, coupled with the ability to combine technology and successful strategic initiatives. The award recipient has also demonstrated superior market growth skills through significant gains in the market during the research period. This company has the know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.