Australian technology-led solutions leader Kinetic IT has been named one of Deloitte Australia’s Best Managed Companies for the second year in a row.
The Deloitte Best Managed Companies program identifies and celebrates privately owned and managed companies across Australia that set the highest standards of business performance and shines a light on the power of private business as a key driver of Australia’s economy.
An Australian-owned and operated business, Kinetic IT has been highlighted by the judges for its strong business model, adaptability through the COVID-19 pandemic, and sound financial stewardship and resilience.
The company’s refreshed strategic roadmap has also been recognised as it enables greater delivery of strategic, customer-centric outcomes, further enhancing its position as a trusted national IT leader.
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Chief Executive Michael North said to be recognised as one of Australia’s Best Managed Companies for a second year in a row was a testament to the efforts and hard work the crew had put in across the business.
Michael said responding to changing market conditions and a transformative talent market had driven the company’s need to evolve its operating model. He added that the business’ strong culture and customer focus had ensured adaptability and a solid, reliable foundation for continued growth.
“Thank you, Deloitte Australia, for recognising Kinetic IT as one of the country’s Best Managed Companies. It’s fantastic to gain acknowledgment that our focused efforts over the past 12 months continue to position us as a local leader.
“We’re proud to be an Australian success story, delivering technology services which enable and support millions of Australians across both public and private sectors. We’re pleased to be bringing more Australians into the ICT industry and talent pipeline, supporting the country’s largest and most complex organisations, and doing our part to protect the country’s critical infrastructure.”
Michael received the Deloitte Australia’s Best Managed Companies Award on behalf of the organisation at a gala event in Sydney, New South Wales, on 22 March 2023.
About Deloitte Australia’s Best Managed Companies
Deloitte Australia’s Best Managed Companies identifies outstanding Australian businesses using a tried and tested framework, developed through more than 25 years of insights from the global consulting firm’s work. The program focuses on four pillars in which a business is benchmarked across:
Best Managed Companies apply a formal methodology for strategy development, ensure the strategy reflects all stakeholders, have the right capabilities/metrics in place, and clearly and consistently communicate the strategy to all levels of the organisation.
Culture and Commitment
Best Managed Companies build a strong corporate culture and legacy, actively develop their people and leadership team, provide a holistic compensation system, create an inclusive culture and address continuity issues within the company.
Capabilities and Innovation
Best Managed Companies develop valuable capabilities and resources, are highly execution-oriented, are focused on productivity and innovation, and are thoughtful about hiring the right people to execute their business model and strategy.
Governance and Financials
Best Managed Companies install strong governance structures, use KPIs to manage their progress, maintain a strong balance sheet, and apply the financial discipline required to drive revenue growth, improve operating margin, and increase asset efficiency.
Find out more about Kinetic IT’s approach on our website. Visit Deloitte Australia’s Best Managed Companies website for more information about the program.