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|The Stevie Awards|
|Awarded for||Excellence in Business|
|Sponsored by||American Business Awards|
The Stevie Awards are a set of hundreds of business awards given annually by the American Business Awards organization. They were created in 2002 to recognize accomplishments and contributions of companies and business people worldwide. The 2002 awards were called The American Business Awards; the 2003, The International Business Awards, since then the present title has been used. Approximately 30-40% of entrants receive an award.
Michael P. Gallagher, an American businessman, conceived the Stevie Awards as a way to "restore public confidence and investor trust" after the Enron scandal in 2001. Gallagher left his job in 2001 and founded American Business Awards to administer the Stevies. When launched in 2002, the awards were described by the New York Post as being intended to "distinguish the good guys from the scoundrels" during a period heightened scrutiny and distrust of managers and CEOs. The first Stevies was awarded in 48 categories in April 2003 and judged by a panel including Rich Karlgaard, the editor of Forbes magazine and Richard Klimoski, Dean of the School of Management at George Mason University.
Stevie is taken from the name Stephen, which is derived from the Greek for "crowned".
Awards are judged each year by figures in business worldwide who participate in an evaluation process of nominees. Their recommendations for winners are announced at annual awards ceremonies held in New York City and other locations.
According to the organization, awards are given in hundreds of categories, and 30-40% of entrants receive an award. In 2017, there were 14 main categories for which awards were given including: company/organization, customer service, human resources, IT, live event, management, marketing, mobile website & app, new product, public relations, publications, support, video, and website.
The trophy is manufactured by R. S. Owens as a 16-inch tall, hand-cast statuette finished in 24-karat gold, holding a crystal pyramid representing Maslow's hierarchy of needs.[non-primary source needed]
CEOs will get a new chance to clean up their image with the launch of the business world's own Oscar awards.