engage magazine issue 003 \\\\\\\\\\\\\\\'07 - Page 21

SOCIAL RESpONSIBILITIES 21 Transport for London sub–group individually, you automatically exclude another sub–group. This is a contradiction as our aim was to be all inclusive so I termed them ‘diverse suppliers’”, says Rasheed. This approach to developing the definitions is unprecedented nationally and internationally. Rasheed pioneered the approach by consulting best practice from around the globe. In the United Kingdom (UK), Rasheed’s team cast the net wide to search various government organisations and found that the definitions were limited to size of the supplier in terms of annual turnover and/ or number of employees. The European Union was the most advanced with its definition, however it has not widely used Black, Asian and Minority Ethnic businesses as a sub–group. The United States (US) has a comprehensive definition of Disadvantaged Business Enterprises (DBEs), though its sub–groups are aligned with the ethnic make–up (e.g. Hispanics and Native Americans), of the country and its history (e.g. Veteran–Owned, Small Business). A similar approach applies in South Africa. Each of the sub–groups (a to d) which makes up the diverse supplier definitions at TfL is discussed in more detail opposite. SMEs SMEs have been considered as they frequently face barriers of entry when trying to win business with large organisations. TfL has defined Small and Medium Enterprise as follows: A Small Enterprise is a business which has both the following: i) 0–49 Full Time Equivalent employees1; And one of the following: either ii) Turnover2 per annum of up to £6.9 million (up to €10 million3); in the last financial year; Or iii) Balance sheet total4 of up to £6.9 million (up to €10 million3). A Medium Enterprise is a business which has both the following: i) 50–249 Full Time Equivalent employees1; And one of the following: either ii) Turnover2 per annum of up to and including £34.3 million (up to €50 million3) in the last financial year; Or iii) Balance sheet total4 of up to and Ց ЁѼ ̤́()1ɝѕɥ͔́ͥ́ݡ́Ѡѡݥ聤=ٕȀձQեمЁ啕ѡݥ聕ѡȁQɹٕȁȁմٕȃ иٕ́ȃ ̤ѡЁ啅=ȁ ͡ЁѽхЁٕȃ Ёٕȃ ̤́QٕЁQ3éM5ѥ݅́ɥٕɽѡ ́Ё԰ѡɽUT؁ѕѥѡѵЁQɅ%èQ$ԁѥȁM5͕́хѥѡTѥ]ЁѡTѥ́ɔM5ȁMхѕ̰Ё́ɅѥѼЁѡ(()ձQեمЁ啕́ɔɕ͕́ȁݕQ0ɕȁѼхɐU,́ݽɬ́ձѥݽɭ̃Lѡ͔ݡݽɬԁ́ݕȁݕ́啅ȀՑՅٔ((ȁQɹٕȁ́ݥѠѡЁѡ ́ЀԸQչ́ɥٕɽѡɽ٥͕ͥ́٥́ݥѡѡéɑ䁅ѥ٥ѥ̰ѕȁՍѥ聤Ʌ͍չ́%مՔ() ͕ѡ፡Ʌє Ā ĸ؁ MЁQх́ɕȁѼѡمՔѡé̸͕ԁܹ͉̹عլ؁輽ɽԽѕɥ͔ѕɥ͕}企͵}ѥ}Ѵ(̀((0