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Generic Benchmarking

Generic BenchMarking

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Title: Generic BenchMarking

Essay Details:

Subject: Business

Author: Sean C

Date: March 25, 2015

Level: University

Grade: A

Length: 8 / 2384

Essay text:

Where do you find it? Perhaps you should model your solution on what the best among your competitors has done in a similar situation. This is called competitive benchmarking, and it reflects two problems, one obvious and one subtle. The obvious shortcoming is that competitors are not likely to share and surrender a competitive advantage. Less obvious is that if the problem is more generic than specific to your industry, you have excluded from consideration the majority of organizations, one of which might have discovered the best answer. Finding the Unexpected (Toyota) Looking beyond your own industry for the best practice is called generic benchmarking...

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