The perceived impact of the Benchmarking process on organizational effectiveness.

The article defines benchmarking as the process of identifying the highest standards of excellence for products, services, or processes, and thence making the emendments necessary to reach those standards commonly called the best practices. In 1995, more than 70% of Fortune 500 companies utilise this exemplar on a regular basis. A survey was utilise to assess the effectiveness of benchmarking techniques among some(prenominal)(prenominal) types of industries across a pattern of settings. A questionnaire was mailed to 1,000 organizations throughout the United States. A amount of 292 questionnaires were returned, with 252 existence usable for this guinea pig. 16% of the organizations indicated that they had a benchmarking program. The research shows several reasons of why companies undertake a benchmarking project. The top reasons set were: 1.         To moderate costs. 2.         To alter productivity. 3.         To improve q uality. 4.         To improve profitability. 5.         To improve customer service. 6.         To improve a certain operation process. 7.         To protect market share. 8.         To embodiment a jump on competitors. 9.         To open up an calamity for growth. 10.         To enhance job happiness. The article provides support that the benchmarking technique improves participants productivity, quality, rejoicing and performance. Adequate planning, training, open interdepartmental communication, support and commitment by Senior Management and detailed implementation plans to perform benchmarking projects were set as significant factors that contributed to the success or omiture of the benchmarking project. After teaching the article, I think the author truly believes in the benefits of the benchmarking technique. However, the facts and figures from this speculate does support h is findings in the article summary. Elmuti ! also presents the findings of why benchmarking projects wear to achieve the desired results. I agree with the conclusion that Elmuti reaches in his article. Benchmarking is discussed in Chapter 10 in the Strategic Management text. correspond to... If you deficiency to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay