Developing the Benchmarking Function: Building Buy-In: Best Practice Summary

STUDY OVERVIEW
BENCHMARK CLASS
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Even the most powerful management tool can be ineffective without the organizational support necessary to put it into productive use. So it is with benchmarking. To be successful, the benchmarking function needs to build support for the managerial rationale in driving performance improvement by regularly comparing current operations and performance with external reference points. Moreover, benchmarking leaders must win support for the benchmarking research methodology and for the change recommendations that studies will likely yield. Companies with strong benchmarking presences involve senior management, executives and process owners in ways that build buy-in for benchmarking initiatives and for the use of benchmarking as a fundamental managerial tool to increase performance and competitiveness. This 5-page document looks at building support for benchmarking across the organization.

Industries Profiled:
Government; Energy; Manufacturing; High Tech; Pharmaceutical; Aerospace

Companies Profiled:

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Developing the Benchmarking Function: Building Buy-In

ID: 4272

Features:

Words: 1,201

Published: Pre-2019

Delivery Format: Online PDF Document

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