Individual-Based Reflection Paper

Studying Principles of Management, we may gibe different skills or concepts of managing things in the business world, for example, the process of making decisions, and ways to supervise a company, an operation process or dealinghip surrounded by groups of people. Learning these concepts do not just for handling our examinations. In fact, the ideas of these skills or concepts we fillt be often able to be affair in daily activities. Decisions have to be made and dealing have to be maintained every day. It is essential to learn a concept by applying it in your daily life, and whence you will understand how it works or what atomic number 18 the advantages or disadvantages of using it. Among all the concepts or models that I have learnt in the past few weeks, improving performance with benchmarking is the concept or model that I think is the most significant and opportune to me in my daily life as a student. Benchmarking involves the hunt for the best invests amo ng competitors or non-competitors that lead to their superior performance. Basically, it is talking coterminous learning, sharing information and adopting best practices from competitors or non-competitors to improve performance. It is a continuous learning process in order to pass on a high level of performance among all.

there are types of benchmarking, generally they are internal benchmarking, industrial benchmarking and generic benchmarking. The exit between these types of benchmarking is that they are comparing with different parties. For business, the honey oil bit of benchmarking is to first e ncounter the areas of benchmarking, organize! a benchmarking committee, run across the picture operating processes, then choose the best practice for extension and collect information, followed by the major part of benchmarking, collapse and determine the best processes for own company and at last, appliance the tonic plan and evaluate the performance and feedback. The main benefits of benchmarking are to...If you postulate to get a full essay, order it on our website: BestEssayCheap.com

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