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Q: Is a process whereby companies find how others do something better than they do and then try to imitate or improve on it. (a) TQM (b) Continuous improvement (c) Benchmarking (d) Empowerment?
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What does benchmarking invole?

Benchmarking involves comparing an organization's processes, operations, or performance metrics against industry best practices or competitors to identify areas for improvement and set performance goals. It helps companies understand their position relative to others in the industry and drive continuous improvement.


When to use benchmarking?

Organizations and companies use benchmarking to determine where inputs, processes, outputs, systems, and functions are significantly different from those of competitors or others.


Involves studying the business processes of companies that are considered among the best in the world at performing a particular task?

Benchmarking


What companies are available to install continuous lighting?

Continuous lighting are street lighting. One of the companies which install continuous lighting fixtures is Duke Energy. One can buy continuous lighting fixtures at Armstrong.


How do you draw a benchmarking as a business processes and performance metric to compare your company to the best practices used by other companies?

Here is a potentially useful article for how to use benchmarking as a business tool. Benchmarking requires you to be very specific in what you plan to assess. It also means being or becoming aware of what other companies do, along with your own business' goals and standards. You might want to read information on the SCOREwebsite also if you are a small business; they offer mentors and reading materials. Lastly, check online for "benchmarking business tools" to get examples of what to measure in your business.


How does benchmarking and quality circle improve quality?

By comparing your performance to other competitors and researching their circles of successful activity improves your companies overall quality or worth.


When you compare the metrics of your company to another you are?

Benchmarking is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.


What is an example of a person with a high achievement motivation?

Elon Musk is an example of a person with high achievement motivation. He is known for founding multiple successful companies such as Tesla and SpaceX, pushing the boundaries of technology, and setting ambitious goals for himself and his companies. Musk's drive for innovation and continuous improvement exemplifies high achievement motivation.


Copanies that are actively trying to increase empowerment of employees in the strategic management process throughout the organization?

Copanies that are actively trying to increase empowerment of employees in the strategic management process throughout the organization. Do these companies seem to be having positive outcomes? Why? Why not?


When do companies typically raise long term funds?

on a continuous basis


Why don't most companies promote their employees?

Well, not everybody can be promoted, but some people usually are. ?It usually depends on your manager and the way the company is organized. ?Whether they support employee empowerment and improvement for long term or if they see you as just another person.I don't think "most" companies do this. ?I think its an even split. ?I would suggest trying for another job (mentioning your new experience) or speaking to your manager if approachable.


What is comparative benchmarking?

Comparing benchmarks to assess how companies compare to industry, regional and/or national norms. Whether it's measuring financial performance, employee benefits, product pricing, or other key metrics, competitive benchmarking can directly impact corporate performance, reputation and brand image. With the right information, business practices can be adjusted or maximized to increase productivity and customer confidence.