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Essay

Benchmarking

Essay specific features

 

Issue:

Business

 

Written by:

Patricia A

 

Date added:

February 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 557

 

Was viewed:

389 times

 

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Essay content:

It therefore requires organisations to: • identify what they do and why they do it • have knowledge of what the industry does and in particular what competitors do • be fully committed to achieving best practice Benchmarking isn't cheap either. It comes at a moderate cost to the company, but if completed successfully, it is more than worth the expense to the organization...
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It comes at a moderate cost to the company, but if completed successfully, it is more than worth the expense to the organization. There are three main types of cost involved in benchmarking: visit costs, time costs, and database costs. Visit costs involve travel expenses and labour time lost. Time costs involve researching, finding the best of the best, visits to the benchmarkers, and implementation of the benchmarked methods...
displayed 300 characters

General issues of this essay:
Benchmarking Benchmarking ‘All multinationals that conduct strategic planning go through a three-step process: formulation, implementation and control’ Action Performance Companies Benchmarking Benchmarking Benchmarking Benchmarking Benchmarking Benchmarking benchmarking GM & UAW Benchmarking Benchmarking Iis Benchmarking Benchmarking
 

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