Explain organisations benchmarking efforts

Assignment Help Financial Management
Reference no: EM13666213

Shared Activity: Assessing Benchmarking Efforts While quality measurement and management tools can be highly effective drivers of strategy, they must be thoughtfully developed in order to be effective. The theme that recurs throughout this module applies here as well: timely and accurate data is vital to developing effective decisions and strategies.

Accurate data is also vital to developing responses and corrective action when achievement of objectives may be in jeopardy. Quality management tools such as benchmarking are valuable in taking these corrective actions.

To prepare for this Shared Activity: Review the benchmarking efforts of your own organisation (or one with which you are familiar). In particular, examine how this organisation measures customer (user) satisfaction and how performance is benchmarked.

To complete this Shared Activity: Create a Post that contains the following:

Explain this organisation's benchmarking efforts (or lack thereof). If benchmarking is employed, identify how the currently used benchmarks align with or address international standards. Explain the degree to which the existing benchmarks align with existing organisational goals.

Propose improvements which would better align benchmarks as needed. If benchmarking does not exist at any level within this organisation, identify some organisational goals that could benefit from benchmarking activities, and strategies you would recommend to employ benchmarking.

Visit the postings of your group members and comment on their analyses, suggesting any additional ways their organisations could improve the effectiveness of benchmarking activities, or how they could be implemented.

Reference no: EM13666213

Questions Cloud

Discuss the condition of the water still in the bag : Discuss the condition of the water still in the bag and the reason for that condition. Base your discussion on topics that have been covered in this course so far.
Why should a first responder seek training : Why should a First Responder seek training after completing the initial certification course?
Explain the degree to which the existing benchmarks align : Explain the degree to which the existing benchmarks align with existing organisational goals. Propose improvements which would better align benchmarks as needed.
Unauthorized practice of law : Unauthorized Practice of Law
Explain organisations benchmarking efforts : Explain this organisations benchmarking efforts (or lack thereof). If benchmarking is employed, identify how the currently used benchmarks align with or address international standards.
What are community corrections : What are community corrections? How do community corrections affect the society in which they are practiced? What hypothesis can you make about community corrections and their overall effectiveness within the correctional system?
Discuss the functions of administrative agencies : Discuss the functions of administrative agencies (United States). How do the activities of the courts impact the agencies' performance of the agencies' functions?
Employment law for business : Employment Law for Business
A criminal offences under the acl : A criminal offences under the ACL?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd