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| Topic: |
Business
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| Number of pages / Number of words: |
25 / 6968 |
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Honda utilized competitive benchmarking in the Japanese automobile industry and developed a new corporate structure. Other companies were studied from within the industry which allowed Honda to develop a plan that would put Honda first in the industry. Toyota also utilized benchmarking when the company wanted to improve its position in the global market...
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Toyota also utilized benchmarking when the company wanted to improve its position in the global market. Toyota utilized a generic benchmarking approach to identify an impressive system that could be translated into the auto industry. GE has a toolkit it has developed to tackle productivity issues which uses benchmarking as a means to share best practices throughout the various businesses...
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