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Benchmarking in Quality Management Systems

The process of benchmarking is becoming more and more popular as companies across all industries are feeling the pressure to be the best to remain in business. To understand how to be the best you must understand what makes the top performers in your industry better than everyone else.

This research provides an in-depth explanation with examples and references in APA format on the subject of Benchmarking in business.

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The process of benchmarking is becoming more and more popular as companies across all industries are feeling the pressure to be the best to remain in business. To understand how to be the best you must understand what makes the top performers in your industry better than everyone else (Assessing, 2006). This is what establishes your "benchmark".

In sports it could be the New York Yankees based on their streak of 7 consecutive World Series titles at one time - what made that happen? In any industry one can find examples of greatness and these examples help others set their individual expectations, goals, or their benchmark to compare their improvements against and track their successes (Assessing, 2006).

The company that has been a worldwide example of excellence and the benchmark ...

Solution Summary

The process of benchmarking is becoming more and more popular as companies across all industries are feeling the pressure to be the best to remain in business. To understand how to be the best you must understand what makes the top performers in your industry better than everyone else.

This research provides an in-depth explanation with examples and references in APA format on the subject of Benchmarking in business.

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