We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Process of Benchmarking - Term Paper Example

Comments (0)
Summary
In laymans terms, benchmarking is a process of comparing the processes and action plans implemented in an institution with those implemented in other similar institutions with an intention of identifying areas the can be improved in order to progress the competitiveness of the…
Download full paper
GRAB THE BEST PAPER
The Process of Benchmarking
Read TextPreview

Extract of sample
The Process of Benchmarking

Download file to see previous pages... The purpose of this paper is to examine how the process of benchmarking is important in financial decision making.
An online quantitative research study of Jackson Health Care title Nurses downtime 2011 survey elucidates various aspects of benchmarking. This survey offers information that can be used by other organizations for comparison. Factors for comparison outlined in this survey include time spent in indirect care, issues that affect bedside nurse, recommendations on how to increase time spent on patients bedsides, job satisfaction among nurses, and ways to improve job satisfaction. Jackson Health Care has implemented strategies to improve these areas between 2009 and 2011and hence offers a credible basis for comparison.
This article informed my understanding of benchmarking in that inequalities in relation to performance gaps are prevalent in healthcare and identifying these variances can help align processes in low performing institutions with those in organizations that perform highly. Subsequently, this article informed my understanding in that benchmarking can either be internal or external. External benchmarking is what is denoted as comparing the processes of an institution with another.
Benchmarking involves the creation of specific objectives that ought to be achieved in a healthcare organization to achieve high levels of performance. In my organization, benchmarking can be used to assess the existing strategies under implementation and as mentioned earlier, compare them with those in other similar organizations. During this process, financial data relating to other organizations are collected and analyzed. It is only through this process that what needs to be done to improve performance in terms of finances can be identified and achieved in my organization. As Baker and Baker (2014) points out, "Benchmarking is used for opportunity assessment" (p. 220). In other words, benchmarking can help my organization to identify opportunities and ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Decision-Making process
Decision making is a process which involves steps which include “recognition of the problem, decision’s objectives, information gathering with respect to the problem, evaluation of alternative courses of action, selecting the best alternative fitted to the decision and finally employing the solution and follow ups or feedbacks”
3 Pages(750 words)Term Paper
Complete the Statistical Process Control for the Process
Under Statistical process control, a process acts unsurprisingly to create maximum compliant product as likely with the smallest amount of probable waste. While Statistical process control has been utilized most regularly to scheming production lines, it is uniformly relevant to any progression with a quantifiable output.
5 Pages(1250 words)Term Paper
Human Resources-Employee Selection Process
It is the responsibility of the human resource department to recruit such employees, who can prove to be productive for the company. Human resource department is considered one of the most important departments of a company because it is concerned with the employees who are the most valuable assets of a company because they make their company able to compete in the world of competition.
6 Pages(1500 words)Term Paper
Process-Flow Analysis
The main aim of the process flow analysis involves an evaluation of the source system procedure. It also considers the scheme of the company in handling the complexity, structure and fault elimination by plan, sub- scheme and organization etc. Shipper Manufacturing Company is a producer of the electrical goods, laminated materials and specialty goods.
3 Pages(750 words)Term Paper
Value of scientific process
Throughout the course we have undertaken our research using the following parameters, observation, predictions, experiments, data collection drawing conclusions. Observation is necessary in scientific research in order to formulate a hypothesis. It allows the scientists to firstly ask questions about a certain natural incident and observe this phenomenon (‘Introduction to the Scientific Method’, n.d).
5 Pages(1250 words)Term Paper
Process of sexual differentiation
Before this process, the human embryo is sexually indifferent, but with time, the gonad differentiates into either testis or an ovary. This essay seeks to analyzethe arguments brought forward by Swaab (2007) in his article concerning sexual differentiation of the brain and its effects on gender and sexual orientation.
3 Pages(750 words)Term Paper
Benchmarking
13 Brand 13 Human Resource 14 Customer Loyalty 14 Innovation and Quality 14 Microsoft 15 Brand 15 Product Range 16 Research and Development 16 SWOT 17 Apple Inc. 17 Strengths 17 Weaknesses 17 Opportunities 17 Threats 18 Microsoft 18 Strengths 18 Weaknesses 19 Opportunities 19 Threats 19 Investor Potential 19 Employee Potential 20 Limitations 21 Conclusion 22 References 23 Appendix 25 Appendices 1: 25 Appendices 2: 25 Appendices 3: 26 Introduction This report uses all the benchmarking techniques in order to compare the two companies that belong to the same industry, almost have same market environment and target customers.
20 Pages(5000 words)Essay
Healthcare Organization Process Improvement Report
It also identifies whether mission and vision of the organization are in tandem with the organizational strategy and systems of management. It identifies the weakness factors that may be
12 Pages(3000 words)Term Paper
Petroleum extraction process
As oil is non-renewable resource, this branch needs to develop technologies aimed on rational exploitation of oilfields and decreasing of loses and waste
4 Pages(1000 words)Term Paper
The Selection Process
man resources and the nurse manager in terms of selection, the effectiveness of the current selection system, and how I would modify the process and why. Additionally, this paper mentions a recently filled position in my organization, describes the skills and background a
4 Pages(1000 words)Term Paper
Let us find you another Term Paper on topic The Process of Benchmarking for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us