Benchmarking
Not what you're looking for?
I need to describe an area of improvement for a company or industry of choice. And find two benchmarks for the improvement area:
1.) In a like company or industry.
2.) In a company or industry that does not participate in the same type of business.
Discuss pertinent benchmarking information that makes this a good choice. Also discuss effective and ineffective uses of benchmarking.
Purchase this Solution
Solution Summary
Solution discusses the Benchmarking
Solution Preview
Benchmarking is a process, which evaluate various aspects of their processes in relation to best practice, usually within their own sector. This then allows divisions/organizations to develop plans on how to adopt such best practice, usually with the aim of increasing some aspect of performance.
http://www.answers.com/topic/benchmarking
Benchmarking opens organizations to new methods, ideas and tools to improve their effectiveness. It helps crack through resistance to change by demonstrating other methods of solving problems than the one currently employed, and demonstrating that they work, because they are being used by others. As per the global benchmarking standards, it will improve its processes. Organizations should ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.