"BENCHMARKING"
Why it fails?
- The process is not driven by results
- Unclear objectives
- Leading team is not credible
- Lack of stakeholder involvement/buy-in
- Poor up-front planning
- Organization becomes defensive
- Study becomes delaying mechanism
- Misinterpretation of data
- Seen as solution - not the starting point
"Benchmarking"frequently used databases
- Top performing companies
- World-class manufacturing
- World-class purchasing
- Leadership practices in marketing
- Financial leadership
Why to do it?
- A company can speculate, but it does not know, factually,
- how it ranks with the best companies in the specific, critical areas of performance
- what magnitude of difference is required to close the gap
- what nature of change is needed to achieve best-of performance
- A company usually knows, in broad details, its comparative financial performance, but it does not know where the specific problems and opportunities exist for taking a significant step ahead. Therefore, any company can benefit from fresh, objective insight on its performance relative to the best.
"Benchmarking is the best focus!"
HOME
challenge to win
https://members.tripod.com/~infbprpros/index.html
More benchmarking