Serious investment thinking that doesn’t take itself too seriously.

HOME

LOGIN

ABOUT THE CURIOUS INVESTOR GROUP

SUBSCRIBE

SIGN UP TO THE WEEKLY

PARTNERS

TESTIMONIALS

CONTRIBUTORS

CONTACT US

MAGAZINE ARCHIVE

PRIVACY POLICY

SEARCH

-- CATEGORIES --

GREEN CHRONICLE

PODCASTS

THE AGENT

ALTERNATIVE ASSETS

THE ANALYST

THE ARCHITECT

ASTROPHYSIST

THE AUCTIONEER

THE ECONOMIST

EDITORIAL NOTES

FACE TO FACE

THE FARMER

THE FUND MANAGER

THE GUEST ESSAY

THE HEAD HUNTER

HEAD OF RESEARCH

THE HISTORIAN

INVESTORS NOTEBOOK

THE MACRO VIEW

POLITICAL INSIDER

THE PROFESSOR

PROP NOTES

RESIDENTIAL INVESTOR

TECHNOLOGY

UNCORKED

How to win awards

by | Mar 23, 2020

Investor’s Notebook

How to win awards

by | Mar 23, 2020

Awards are show business, mining a deep human need or peer approval. Formed and shaped for profit by producers. Staged and fronted by directors nurturing sector nabobs. Marketed and sold with ‘your rivals are on board’ whispers to sponsors. Judging is a pleasant affair: everyone knows everyone; the piles of submissions are flicked through and decisions made, based on written rules and unwritten understandings. The shortlisted are then cajoled to buy tables with ‘wise to come’ calls.

House builders give prizes for good design, honestly. Accountants give awards for those who can count. There are even awards for those who organise awards: on 12 June the Association of Event Organisers (AEO) will hold its annual beano at Grosvenor House. Price: £2,400 for a table of ten. Even those in real showbiz love business awards, earning anything from £5,000 to £50,000 for one night’s ‘corporate’ work. Comedian Dara Ó Briain is your man for this year’s AEO awards.

Everyone loves an awards show. Only awards nights can pull rival tribes and potential clients under one roof, drawing them together to feed off more than côte de boeuf. Darker desires are sated – rejoicing at a rival’s failure, scorning their success, exulting in your own. Then comes the bonus: post-ceremony back-slapping. Snagging the hard-to-pin-down, with the aim of turning show business into real business. Awards work for all the actors, on stage and off, and for the audience. 

They work for the winners and the losers too. The latter justify defeat by grouching the judging was rigged. But they tend to come back, year after year. The former plaster their marketing with trophies, knowing perfectly well it’s all a bit of a lottery. The producer (that’s the publisher, presuming the awards are run by a business mag, as they often are) banks a six-figure profit for one night’s work and plans how to make more the following year. The director and co-presenter (often the magazine’s editor) introduces the co-presenting comic, then steps down to the top table and suggests lunch to those nabobs with loose tongues.

Between the late 1980s and 2008 as a magazine editor myself, I directed about 20 sets of awards, first for Building magazine and then for Estates Gazette. All were held in the Great Room at the Grosvenor House hotel. 

Paying  £8,000 for the chandeliers to be removed so the AV system would work did grate a little. 

And paying Graham Norton £40,000 seemed a lot. But, boy, was he good. My job was to shush semi-inebriated diners while we rattled though a list of 14 winners in 40 minutes. But, boy, that gulp of red afterwards felt good. 

I also co-hosted a few awards shows for the British Council for Offices, in return for a case of wine – only to be cruelly replaced in later years by newsreader Natasha Kaplinsky, who charged £5,000. The BCO Awards are taken seriously, with experts visiting every development nominated for a prize. The judging of both the Building Awards and the EG Awards too is approached most conscientiously, as much so today as they were in my day. These are Oscar-level shows: and as a judge, you must do your best on subjective criteria.

Objective criteria were the aim of an awards that I persuaded the Investment Property Forum and Investment Property Databank (now MSCI) to back 20 years ago. Ed Luker of CBRE and Rupert Nabarro of IPF helped set up the Investment Property Awards, which were judged on the performance of funds categorised by the IPF and judged only on the returns produced via the IPD computers. They were a failure, at least in the eyes of my publisher. No sponsors, no table sales, and one fatal flaw – the same fund managers kept winning. We let the awards drift away. They may still live quietly, honourably, under another guise: who knows? Lesson for producers: you are dead without table sales, which largely cover costs, or sponsors who provide the gravy that can lift margins to 30% to 50%. And here’s a tip for entrants: if you have won a subjectively judged award rather too often, give entering a rest for a bit. There are limits to the subjectivity of judges, however honourable.

Less-honourable practices have developed as less-honourable publishers working for struggling studios (small publishing houses) essentially recruit vulnerable editors into the salesforce. Business magazine publishing has had a catastrophic decade. Job advertising gone to the web; display adverting gone who knows where. Subscription income has shrunk as free news becomes an online commodity. For niche magazines like these, the awards have become the main reason for keeping the magazine going at all. My sympathies lie with these editors: it’s easy to have clean hands if you can afford soap. 

However, if you lack such sympathy and are thinking of entering non-Oscar awards, you may want to check their credibility – so here are some signs to watch out for: Does the producer demand a fee for entry? Be careful. Are the shortlists longer than four or five? The producer is more interested in selling tables than judging entries on their merits. Tip: only Oscar-level awards get more than four or five entries per category. Are there more than 15 categories? 

That was the limit in my day, deemed the maximum the restive audience could endure. Have the sector’s core categories been inflated with extra ‘bandwagon’ awards: whatever is ‘woke’ in that sector that year? Have the categories been warped to meet sponsors’ interests: greenest developer in north Kent, sponsored by ABC Environmental Consultants of Chatham? Have pity: if a sponsor ‘suggests’ an award and offers £5,000 to invent a category, it can be hard for the desperate to say no.

Besides having judged property and construction awards for over a decade, I have entered journalism awards myself for 30 years. I purred quietly when the magazine I was editing scooped four or five thoroughly deserved awards. I had hissy fits when our team failed to pick up a single pot – all down to one malign judge, I felt. 

I won an Oscar-level award back in the day. My company chairman was also chairman of the Periodical Publishers Association. He had taken a double-sized table in front of the stage to impress his guest of honour: a banker who was prepping the business for sale. Last year I was given the nod and a wink to attend the journalism awards at which I used to purr and hiss. A ‘lifetime achievement’ certificate came my way. I loved it. About time! Thoroughly deserved, I purred to myself. The hidden message, of course, being ‘can you now kindly leave the stage’…

About Peter Bill

About Peter Bill

Peter Bill is joint author of Broken Homes, sole author of Planet Property, and a columnist for Property Week. He is a former Editor of Building and Estates Gazette, and a one‑time columnist for the Evening Standard.

INVESTOR'S NOTEBOOK

Smart people from around the world share their thoughts

READ MORE >

THE MACRO VIEW

Recent financial news and how it connects across all asset classes

READ MORE >

TECHNOLOGY

Fintech, proptech and what it all means

READ MORE >

PODCASTS

Engaging conversations with strategic thinkers

READ MORE >

THE ARCHITECT

Some of the profession’s best minds

READ MORE >

RESIDENTIAL ADVISOR

Making money from residential property investment

READ MORE >

THE PROFESSOR

Analysis and opinion from the academic sphere

READ MORE >

FACE-TO-FACE

In-depth interviews with leading figures in the real estate/investment world.

READ MORE >