Q.
What is bench marking??? explain me well
Asked by krunal modi,
20 Oct '08 06:01 pm
Earn 10 points for answering
Answers (6)
1.
Benchmarking is the process of measuring an organization's internal processes then identifying, understanding, and adapting outstanding practices from other organizations considered to be best-in-class.
Most business processes are common throughout industries. For example; NASA has the same basic Human Resources requirements for hiring and developing employees as does American Express. British Telecom has the same Customer Satisfaction Survey process as Brooklyn Union Gas. These processes, albeit from different industries, are all common and can be benchmarked very effectively. It's called "getting out of the box".
One of the biggest mistakes organizations make when first benchmarking is that they limit their benchmarking activity to their own industry. Benchmarking within your industry is essential. However, you already have a pretty good idea how your industry performs so it's imperative that you reach outside and above your own industry into other industries that perform a sim ...more
Answered by PARTHA PATHAK, 20 Oct '08 06:04 pm
Most business processes are common throughout industries. For example; NASA has the same basic Human Resources requirements for hiring and developing employees as does American Express. British Telecom has the same Customer Satisfaction Survey process as Brooklyn Union Gas. These processes, albeit from different industries, are all common and can be benchmarked very effectively. It's called "getting out of the box".
One of the biggest mistakes organizations make when first benchmarking is that they limit their benchmarking activity to their own industry. Benchmarking within your industry is essential. However, you already have a pretty good idea how your industry performs so it's imperative that you reach outside and above your own industry into other industries that perform a sim ...more
Report abuse
Useful
(2)
Not Useful
(0)
Your vote on this answer has already been received
2.
Benchmarking is the process of comparing the cost, time or quality of what one organization does against what another organization does
Answered by UNNIKRISHNA RAMAN, 20 Oct '08 06:03 pm
Report abuse
Useful
(1)
Not Useful
(0)
Your vote on this answer has already been received
3.
Report abuse
Useful
(0)
Not Useful
(1)
Your vote on this answer has already been received
4.
Putting one bench and then putting chalk mark on our head
Answered by mohandas pai, 09 Dec '08 08:55 pm
Report abuse
Useful
(0)
Not Useful
(1)
Your vote on this answer has already been received
5.
Report abuse
Useful
(0)
Not Useful
(1)
Your vote on this answer has already been received
6.
Report abuse
Useful
(0)
Not Useful
(0)
Your vote on this answer has already been received