Benchmarking offers the opportunity to
compare an organization’s performance against industry competitors,
noting strengths, weaknesses, and different ways of executing projects.
Benchmarking methodological uniqueness is
represented by the identification of those processes that lead to
superior performance, followed by the analysis of the best practices
behind that success. As successful businesses constantly focus on
improving the quality of their processes, products and services,
benchmarking comes as one of the best approaches in achieving innovative
ideas and superior procedures within the organization, through finding
and implementing best practices.
In order to ensure a successful
benchmarking study, professionals should not only become familiar with
how to drive a good selection of the variables to be measured, but also
how to determine the comparison compatibility of the measured processes
and allocate the resources accordingly.
Associate benchmarking objectives with the organizational strategy
Design a benchmarking plan for your organization
Understand the fundamentals of data collection and analysis
Assess performance gaps according to benchmarked data
Select the relevant benchmarks and establish a monitoring process
Benchmarking Code Of Conduct
How to develop a benchmarking plan
Types and styles of benchmarking;
Stages and processes of benchmarking activities
Activity Design a benchmarking process
Illegal benchmarking practices
Guides, networks and resources
Examples of best practices
Activity Elaborate a benchmarking plan.
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