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Competitive benchmarking, as it says, compares your performance and practice against that of your competitors.
Good Competitive Benchmarking is based on objective measurements to avoid this bias.
Other techniques include the analysis of customers' complaints and competitive benchmarking (see competitor analysis).
Competitive Benchmarking is the comparison of companies in the same markets that have competing products or services or work processes.
Their management philosophy emphasizes customer satisfaction, value addition, cost-effective operations and competitive benchmarking for all areas of the enterprise.
Competitive benchmarking of leading companies.
Competitive Benchmarking Comparing the measurable performance of your own organisation with selected competitors and your industry as a whole.
This, coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market's competitive scenario.
In 1979 the Xerox Manufacturing Operations began a process of competitive benchmarking in order to combat increasing competition.
Our exploratory study was conducted on a sampling of manufacturing SMEs, all of which took part in a competitive benchmarking activity.
Further, the report provides competitive benchmarking for the leading companies and analyzes the Mergers and Acquisitions (M&A) and licensing agreements that shape the global market.
A broad process that has been referred to in different names: 'Best Practices', 'Competitive Benchmarking', 'Imitation' and 'Reverse Engineering'.
Competitive Benchmarking - This type of benchmarking involves comparing performance indicators and business processes with those of other companies involved in the same industry, either domestically or internationally.
Among his responsibilities he conducted portfolio and strategic reviews that included competitive benchmarking to identify margin improvement opportunities and return on net asset analysis to support investment and divestiture decisions.
Its high IP3 also provides operational resilience in applications where close proximity to other transmitting antennas can induce intermodulation interference such as in Drive Test and competitive Benchmarking programs.
Competitive benchmarking across the organization was the prelude to 'one of the company's most innovative decisions'(Hornby, 1986): the decision to initiate a massive training programme as the vehicle for a profound company-wide change process.
Pittiglio Rabin Todd & McGrath, Competitive Benchmarking: A Tutorial, presentation for the Canadian Business Process Reengineering Forum, September 1994.
And Mohamed Zairi's Competitive Benchmarking: An Executive Guide (Technical Communications (Publishing) Ltd, £26.50) calls it: 'The most valuable tool that senior managers could ever aspire to.'
A central element in RX's change strategy has been competitive benchmarking, a process in which its liaison with Fuji-Xerox has given it a vital window on Japanese best practice in manufacturing and marketing.
Eighty-percent or more of the CMOs surveyed are still focusing primarily on traditional sources of information such as market research and competitive benchmarking, and 68 percent rely on sales campaign analysis to make strategic decisions.
Organizations use competitive intelligence to compare themselves to other organizations ("competitive benchmarking"), to identify risks and opportunities in their markets, and to pressure-test their plans against market response (war gaming), which enable them to make informed decisions.
This typically involves review of the various risk assessments performed by the enterprise (e.g., strategic plans, competitive benchmarking, and SOX top-down risk assessment), consideration of prior audits, and interviews with a variety of senior management.
Deformulation of a multicomponent chemical mixture may occur in several contexts, including the investigation of causes of chemical product failure, competitive benchmarking, legal inquiry to obtain evidence of patent infringement, or new product research and development.
The survey was conducted by Frost & Sullivan's Competitive Benchmarking Services group, a division of the Customer Research team that conducts independent, non-sponsored research among end-users to evaluate and measure companies and trends in the market.
Armstrong & Associates, Inc. is a supply chain management market research and consulting firm specializing in competitive benchmarking, mergers and acquisitions, strategic planning, logistics outsourcing, centralized transportation management programs, and supply chain systems evaluation and selection.