The main reasons why benchmarking is a vital procedure for the companies which currently compete internationally or have this desire for the future could be summarized as follows:
benchmarking helps the company better understand the characteristics and requirements of the industry where it operates as well as those of the customers it serves benchmarking lest the company identify the successful strategies implemented by the competition and allows it to learn from the experience of its competitors benchmarking sets an organizational ideal and helps achieve it benchmarking should be an ongoing process that helps the company adapt to the new changes in the industry and the market
3. Empowering Employees
Empowering employees and encouraging them to get involved in the decision making process are more and more common procedures used by organizations to both motivate their staff and also to increase the efficiency of the operational processes. But despite the positive results retrieved from these activities, several problems have been identified. In this particular instance, the empowered worker could use the newly gained power in his own best interest rather than the organization's overall benefit. Then, a negative situation could occur when the empowered employee is not sufficiently skilled and prepared to handle the new responsibilities of...
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