An award may be described by three aspects: 1) who is given 2) what 3) by whom, all varying according to purpose.
The recipient is often a single person or else a representative of a group of people, be it an organisation, a sports team or a whole country. The award item may be a decoration, that is an insignia suitable for wearing, such as a medal (order), badge, ribbon or pin. It can also be a token object such as prize, trophy or commemorative plaque. The award may also be or be accompanied by a title, certificate or diploma, as well as an object of direct value such as money or a scholarship. Furthermore, a honorable mention is an award given, typically in education, that does not confer the recipient(s) a higher standing but is considered worth mentioning in an honourable way. An award may be conferred as a state decoration by sovereign state, dynasty or other public authority (see fount of honour), or else a private organisation or individual. The latter may also include ecclesiastical authorities, such as in the case of ecclesiastical awards.
For example, the Nobel Prize recognizes contributions to society, while the Pulitzer prize honors literary achievements. An award may also simply be a public acknowledgment of excellence, without any tangible token or prize.
Another great example is the "Brands of the Year Award", it is a distinctive and premier recognition for a brand recognized as a champion in its industry category based on current year market standing and consumer preference. It honors only that single brand in each category every year which dominantly led through all the levels of selection criteria.
Awards for sports tournaments often take the form of cups, following a tradition harking back to the ancient Greek tripod given to winners in athletic contests. The Stanley Cup is a modern example. In contrast, awards for employee recognition often take the form of plaques or crystal pieces.. An award may carry a monetary prize given to the recipient.
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