Preview

Benchmarking

Good Essays
Open Document
Open Document
593 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Benchmarking
Answer for benchmarking tips
5. Benchmarking general question (soalan umum benchmarking lihat soalan sem lalu)
- Reason for benchmarking
- Benefit of benchmarking
- Soalan sem lalu (although benchmarking is a popular management technique many firms are not engaged in the benchmarking process. Why? Why do you think that some firms avoid benchmarking? Are any of the reasons valid? Why or why not?)
Answer
The reason why some organization didn’t in engaged benchmarking process is because * Customer has different need and want. * Businessman has their own thought when approaching or creating business. * Because organization is in “safe zone”. Don’t fix something that is not broken * 1) A meaningful benchmark study requires an apples-to-apples comparison. But not all companies are organized the same way. Many have departments with proprietary names and complex functions comprised of employees with unconventional titles and roles with varying degrees of responsibility. The processes and infrastructure being managed often have a similar degree of variability and complexity.

* 2) This variability requires a common framework be applied to normalize the results – to make everything look like an apple. The framework is typically provided by the consultancy and if your company does not buy into the validity of the framework, the study begins to loose credibility.

* 3) The process of mapping a company to the benchmark framework is an incredibly tedious and subjective piece of work. If you don’t get the mapping right, the study loses more credibility. People begin to question the motives behind commissioning the study.

* 4) Collecting data can in many cases be subjective. If you’re simply pulling data off of servers then it’s a walk in the park. But in many cases the study requires that humans enter information into databases provided by the consultancy. How many people in your department provide function x? Hmmm….if allocates too many

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Proj 410 Final Paper

    • 356 Words
    • 2 Pages

    10. (TCO 8 & 9) What is benchmarking? Give two examples with which you are familiar, and tell why benchmarking is useful in outsourcing.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    a. Explain the term “benchmarking”. Describe how benchmarking can be used to identify best (or good) practice and as an aid to performance monitoring in facilities management.…

    • 977 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Unit 2 D2

    • 306 Words
    • 2 Pages

    Different companies operate in different industries each having different environmental conditions such as regulation, market structure, etc. Such factors are so significant that a comparison of two companies from different industries might be misleading.…

    • 306 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    2.3 The data should be collected so that there is no chance of bias. If I was collating data from my work I would need to ensure that the data was collected from an equal number of all three services and equal number of the same sex. It also means making sure no external factors come into play for example personal bias. I would need to error check before running any analyse. I would also need to ensure that any statistical tests i did match the data I have recorded.…

    • 476 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    BSBMGT402A ASSESSMENT 2

    • 2090 Words
    • 9 Pages

    Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D…

    • 2090 Words
    • 9 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Once you have select the research method and designed the study, you must have a way to collect the data from the study.…

    • 668 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Qut Ayb225

    • 461 Words
    • 2 Pages

    * The article also argues that performance should not be only compared to past data but also to data from other companies: benchmarking. (Cast your memory back to article on Budgets, which radically moved from backwards looking approach)…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Benchmark

    • 1608 Words
    • 7 Pages

    1. Yes, the search of the vehicle was lawful. The officer smelled marijuana while Ross rolled down the window, during a routine traffic stop, giving the officer probable cause to search the vehicle. The probable cause was based on the officers’ personal observation. “Police officers may use their personal training, experience, and expertise to infer probable cause from situations that may not be obviously criminal.” (Gaines 160) The officer then found a pound of marijuana giving probable cause for arrest.…

    • 1608 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Statistics - Final Project

    • 1444 Words
    • 6 Pages

    The purpose of the study is to analyze the data. I.e. draw conclusions about the variables and find out how to deal with the problems.…

    • 1444 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Analysis of Two Firms

    • 509 Words
    • 3 Pages

    I will be analyzing two firms for comparison and contrast regarding management decisions. The two firms being discussed are Hitachi, headquarters in Tokyo, Japan and Phillips Electronics, heaquartered in the Netherlands. Both have similar products in which they produce for consumer purchase, therefore, both companies have the issue of providing cutting-edge technology.…

    • 509 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Netflix Company Analysis

    • 3520 Words
    • 15 Pages

    Conduct a benchmarking analysis. Be sure your analysis includes the following in comparison with other companies in the same industry:…

    • 3520 Words
    • 15 Pages
    Better Essays
  • Good Essays

    Considering it's benches are always full of hipsters sipping their half-caf low-fat moccachinos, you might think that Starbucks would have no need for benchmarking, as many of its benches already have permanent rear-shaped impressions from long-time customers. But that's not the case at all.…

    • 423 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Conducting a research study, all available data should be analyzed to learn more about their project. However, after reviewing, management can then move forward and collect their own primary data by way of questionnaires and obtaining answers they have carefully prepared for more precise information on their target group (Scenario, 2008).…

    • 1090 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Creating a blueprint by looking at the paths taken by organizations similar to the one whose plan you are developing. Using this method you follow the recommended or existing practices of a similar organization or industry-developed standards.…

    • 1544 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Tanglewood Case 6 Paper

    • 627 Words
    • 3 Pages

    Although the listed benchmarks may be both objective and subjective measurements, the organization is more assured and certain to hire the right individuals for the right…

    • 627 Words
    • 3 Pages
    Good Essays

Related Topics