Impact
Pronounced: IM-pakt
Definition (in the context of Business Awards):
Impact refers to the measurable results or influence of an individual, project, or organization’s actions. In Business Awards entries, impact is a core scoring factor—it shows how meaningful and far-reaching the nominee’s achievement was in solving a problem, driving growth, or creating positive change.
Example usage:
“Their Business Awards nomination emphasized the impact of their technology on underserved communities.”
Innovation
Pronounced: in-uh-VAY-shun
Definition (in the context of Business Awards):
Innovation is the introduction of new ideas, methods, or products that improve existing systems or solve problems in a unique way. It’s one of the most common and highly regarded categories in Business Awards, often used to showcase creativity and breakthrough thinking in business.
Example usage:
“The company’s AI-powered solution won a Business Award for innovation in customer experience.”
Integrity
Pronounced: in-TEG-ruh-tee
Definition (in the context of Business Awards):
Integrity refers to honesty, transparency, and adherence to ethical standards. Some Business Awards programs have specific categories or judging criteria that recognize organizations or leaders who demonstrate high integrity in business practices.
Example usage:
“Their commitment to ethical sourcing and employee well-being earned them a Business Award for leadership with integrity.”
Invitation to Apply
Pronounced: in-vuh-TAY-shun too uh-PLY
Definition (in the context of Business Awards):
An invitation to apply is a formal message sent by a Business Awards program encouraging individuals, companies, or teams to submit a nomination. While some programs are open to all, others use invitations to attract high-potential applicants or past finalists.
Example usage:
“She received an invitation to apply after being a finalist in the previous year’s Business Awards.”