100 companies from various branches
The EFBQ network consists of approximately 100 ambitious companies from various branches that manage to distinguish themselves from their competitors in their own branches. They include service providers, manufacturing businesses, and trading enterprises, both business-to-business and business-to-consumer companies. Furthermore, the size and ownership structure can vary considerably with both family businesses and operating companies with revenues ranging from several millions to over a billion euros. However, all of these enterprises aim to continuously improve in terms of profitability, continuity, and the creation of value. They want to share knowledge and experiences.
Selection of companies
Only after a careful selection procedure and by invitation only, companies can join the Peer Group. The EFBQ Selection Committee is responsible for ensuring that the composition of the network retains its quantitative standard and will be qualitatively improved.
To this end, a few basic criteria are used, such as:
- The number of employees working for the enterprise lies between 50 and 50,000.
- The enterprise presents itself as ambitious and positions itself in the market in a positive manner.
- The board and/or management team aim(s) to continuously improve the organization and focus(es) sufficiently on strategic entrepreneurship, or strive(s) to improve in this area.
- Board and management team members are willing to have their own performances examined and to benchmark the results to other organizations.
- Board and management team members are willing to share their knowledge and experience with the other participants.
- The enterprise is able and willing to become an active participant in the Peer Group.
The participating companies offer each other a benchmark for strategic entrepreneurship and the enterprise’s ability to anticipate. This is accomplished through individual contacts and through the Management Tables, among other things. A more formal benchmark is established during the EFBQ assessment. This assessment measures the foundation and the feasibility of the strategic framework and its implementation in the rest of the organization. Furthermore, the state of the enterprise as well as the cohesion and the consistency of the management and adjustment policies are taken into account.
In this respect, over 60 aspects of an organization’s policy are compared to the EFBQ benchmark.