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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 528 |
Essay's paper body
There are three main types of cost involved in benchmarking: visit costs, time costs, and database costs. Visit costs involve travel expenses and labor time lost. Time costs involve researching, finding the best of the best, visits to the benchmarkers, and implementation of the benchmarked methods. Database costs involve initiating the benchmarks into daily organization procedures, and creating a database of best practices/companies associated with each practice being completed...
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Database costs involve initiating the benchmarks into daily organization procedures, and creating a database of best practices/companies associated with each practice being completed.
Sources
"Benchmarking." http://www.iSixSigma.com. iSixSigma LLC, © 2000-2006.
Harvey, Donald. An Experiential Approach to Organization Development...
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