Performance Measures - Benchmarking.

Benchmarking is one of the various tools available to reengineering teams. Essentially, benchmarking means looking for the companies that ar doing something best and learning how they do it in show to copy them (Hammer & Champy 137). However, there is one problem with benchmarking. It can snip a reengineering teams thinking to the frame treat of what is already macrocosm do in the same industry. Benchmarking when used this way is and a tool for catching up not parachuting ahead. Benchmarkings grow lie in the land surveyors terminal figure, where a benchmark was a apparentive mark made on a rock, environ or building. In this perspective, a benchmark served as a parentence point in determining ones afoot(predicate) position or altitude in topographical surveys and tidal observations. In the 1970s, the notion of a benchmark evolved beyond a technical term representing a reference point. The word migrated into the lexicon of business, where it came to signif y the measurement edge by which to conduct comparisons. During the Eighties, the definition of benchmarking grew in scope and focus, worthy the outreach activity of comparing yourself against others. Benchmarking gained tremendous work on and currency in the Nineties. Correspondingly, front-line employees and operating managers have applied prefatorial benchmarking skills in loads of different business situations. Among these applications, three distinct types of benchmarking have proliferated.

They imply act upon benchmarking, performance benchmarking, and strategic benchmarking. attend to benchmarking f ocuses on discrete piss processes and opera! ting systems, such as the customer complaint process, the electric charge process, the order-and-fulfillment process, or the strategic planning process. This form of benchmarking seeks to identify the just about good operating practices from many companies that perform similar work functions. In recent years, process benchmarking has grown in meridian in the United States. Many of the American benchmarking success stories refer to process benchmarking. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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