Benchmarking

Benchmarking Table of contents 1. Abstract 1 2. Introduction 1 3. What is benchmarking? 2 4. Areas of applicaton 3 5. Forms and aspects 4 5.1 Internal benchmarking 5 5.2 External benchmarking 6 5.3 Benefits and be of benchmarking 7 6. Process of benchmarking 8 7. Examples 9 7.1Jollibee and Mc Donald´s 9 7.2Blue Ocean Strategy, the cwm du Soleil 10 References 12 * * Abstract This report contains general information active benchmarking which is a cognise phenomenon in almost all industries. The introduction offers in explanations about the benchmarking term. After this, more detailed information is prone in terms of forms, procedures and benefits of benchmarking. Subsequently two examples will be given for benchmarking. These examples are beneficial and illustrative to understand the point of the topic. * Introduction In times of rapid economic and technical change, profitability and ontogenesis come from a clear understanding of how a assembly line is performing. Environmental change is affecting everyone and pushing companies into a stark naked world of collaboration, speed, and innovation.

Companies are adapting to changing cost structures, new place chains, or even completely new ways of designing, manufacturing, selling, delivering and function products. Organizational excellence can only come with a continuous process. This is just possible if an organization reform their procedure with new ideas and practices into a progressive way to contract problems and work innovatively and creatively. As companies strive to compete in a dynamic global market, they are challenged with continuous process cash advance which involves measuring how things are done, developing best practices, and taking stairs to making processes more efficient and effective. Continuously keeping sensitive of innovations and new best practices can lead to significant improvements in cost, quality, cycle time, and competitive ability. A... If you want to get a plenteous essay, order it on our website: Orderessay

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