Learning Organization
Bench Marking, For Adaptation Of World –Class Business Practices
Background
Benchmarking means constantly weighing up company performance against that achieved by the best performers worldwide. Efficient benchmarking brings the following benefits:
In-depth analysis of business practices capable of establishing the company reputation and increasing market shares
Adaptation of world-class business practices to the company situation, in order to optimize response to customers’ needs
Determination of concrete improvement objectives with reference to tried and tested practices.
Target results
Achieve outward-looking management style, looking further afield than in house performance indicators
Improve understanding of company organisation, through constant matching against leaders in the field
Develop well-structured information systems allowing accurate comparison against world-class performers
Improve performance through adoption and adaptation of fresh know-how.