Abstract

Benchmarking is an approach used for evaluating and improving the company performances, by comparing them with the best performing companies. Benchmarking first studies the process to be improved, finds a best practice process in order to try to match two parts of the processes which have analogies, and then tries to change or modify the interconnections, structures or behaviour of the part to be improved using the analogy with the best trasformation process. In the paper, we try to define different types of benchmarking, and, in particular, organizational benchmarking. The decision making process and its link with the value of a set of performance indicators, suitably depicting the company's behaviour, is a cornerstone of the benchmarking building. In this framework we define the process that can be used to transform performance evaluation into improvement decisions.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.