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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 960 |
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The second stage, holistic benchmarking, involves examining the totality of the business. This is used to identify key areas for improvement within the business. It addresses qualitative aspects by looking at systems and processes in the company. It also provides quantitative information based on trends and ratios...
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It also provides quantitative information based on trends and ratios. This diagnostic-holistic approach provides a relatively simple introduction to benchmarking. It offers structured, cost-effective feedback and requires only a minimum of resources to implement. It enables companies to improve their performance by identifying critical competencies, strengths and weaknesses, and then to use the lessons learnt from best practice in making the necessary improvements...
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