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 monitor 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 detectt be often able to be drug abuse in daily activities. Decisions have to be made and dealings have to be maintained every day. It is essential to learn a concept by applying it in your daily life, and accordingly you will understand how it works or what are 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 good to me in my daily life as a student. Benchmarking involves the inquisition for the best conventions among competitors or non-competitors that lead to their superior performance. Basically, it is talking adjoining learning, sharing information and adopting best practices from competitors or non-competitors to improve performance. It is a continuous learning process in order to survive 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 everyday bit of benchmarking is to firs t encounter the areas of benchmarking, orga! nize a benchmarking committee, experience the picture operating processes, then choose the best practice for extension and collect information, followed by the major part of benchmarking, contemplate and determine the best processes for own company and at last, machine 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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