The Mongolian Management Association has named MCS Holding the Organization with the Best Management in the country in 2010. Apart from selecting several such awardees every year the Association also popularizes modern management concepts through meetings and seminars and helps business organizations develop their management capacity in various ways. It recently organized a seminar on Management Capacity of Business Organizations in cooperation with the Academy of Public Management, the Mongolian National Chamber of Commerce and Industry, the Development Center for Company Development and Mongolian Tax Administration, Golomt Bank, Mobicom Corporation, and UB Railway JV. Participants noted how Mongolia has raised its ranking in the Forbes list of business favorable countries, and said this was largely because of more efficient management practices in business organizations.