Purchase Solution

Benchmarking as a Tool to Improve

Not what you're looking for?

Ask Custom Question

If you owned your own business, how would you go about using benchmarking as a tool to improve? What company comes to mind when you think of benchmarking?

Purchase this Solution
Solution Summary

This solution discusses the use of benchmarking as a tool for improvement.

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.
Benchmarking is simply about making comparisons with other organizations and then learning the lessons that those comparisons throw up".
Source: The European Benchmarking Code of Conduct
"Benchmarking is the continuous process of measuring products, services and practices against the toughest competitors or those companies recognized as industry leaders (best in class)".
Source: The Xerox Corporation

Benchmarking will help us in measuring the performance and has a standard to ...

Purchase this Solution
Free BrainMass Quizzes
SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

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.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

View More Free Quizzes
Related BrainMass Solutions

  • Benchmarking

    I think that benchmarking is a viable tool for future development. Benchmarking will allow a company to develop its organization and the plans for the organization in order to improve its practices regarding a specific topic or item.

  • Benchmarking and Ratio Analysis

    Benchmarking and Strategic Management Organizations can use benchmarking as a strategic tool for improving the quality of decision making in strategic planning and strategic controlling.

  • Business Benchmarking

    254833 Benchmarking (in business school classroom instruction) How might the concept of benchmarking be used to improve classroom instruction in a business school? Thank you for posting today.

  • What is the role of benchmarking when planning a quality improvement?

    Thus when planning a quality improvement project or process, the benchmarking data will serve as an effective new tool for nursing homes to improve care quality for our nation's most vulnerable populations - the frail, elderly and disabled.

  • Quality Improvement Strategy

    Benchmarking helps in measuring a company's performance and has a standard to improve. This standard is laid as per the performance of another company or after ascertaining the best practices.

  • Benchmarking in Quality Management

    thanks Hello, Attached is a template I would use to create a fake hospital A, develop a benchmarking tool, use the tool to benchmark against a state of the art hospital, improve processes and measure progress.

  • Business Management- Best Practices

    The best practices will help lower labor costs as well as improve quality of interaction with customers.

  • Benchmark Data and the Occurrence of Industrial Disasters

    Robbins and Coulter provided examples of such companies: IBM studied Las Vegas casinos to look for ways to discourage employee theft; other successful companies such as Ford and Kodak use benchmarking as their tool in coming up with strategies towards

  • Quality of Care: Assessments and Value

    In addition, healthcare organizations should incorporate benchmarking into their organizational model because this serves as an important tool to motivate healthcare providers to improve their performance.

View More Related Solutions