Benchmarking Pathway Audit™
Your questions answered
What is a Benchmarking Pathway Audit™?
All organisations benchmark, or should benchmark their business performance, but are they getting the best value out of this process? This audit, a benchmark in itself, gives your business very important feedback about your approach and effectiveness when it comes to business and organisational performance. The Benchmarking Pathway Audit™ considers many important issues such as consistency of approach, clarity of aims and the usability of results to help drive forward business performance improvement.
Why use it?
Many organisations seek to compare themselves with other organisations to identify potential areas for improvement in the business. This is called “benchmarking”. The organisations chosen may be competitors or other groups within a large company. Alternatively, they may simply be exemplar companies who are admired for their industry/commercial leading position and approach. Each of these comparisons can help to identify what the business is doing well and what might usefully be improved upon.
The approach taken to this “benchmarking” activity is often ad hoc and varies across the organisation. This ‘benchmarking audit’ allows a structured review of benchmarking taken within an organisation and helps to identify those actions needed to move this key management process towards best practice in the most efficient and cost effective way.
How do I use it?
Your management team and/or representatives of the current performance benchmarking activities all individually complete an on-line survey, taking no longer than 30 minutes. They bring their collective capability and knowledge to the topic area. The results are analysed and presented to highlight key issues, opportunities and actions needed to improve your approach to benchmarking your organisational performance.
When is it used?
The Benchmarking Pathway Audit™ can be used at any time by your organisation to assess whether or not you are getting the best out of benchmarking when it comes to business performance. It is recommended that this audit be repeated on a regular basis.
Where can I find more information?
The business performance Benchmarking Pathway Audit™ is available through www.business-enlightenment.com. Whether you are a client or a consultant, you will discover all you need to know.
Who creates the audits?
Experienced audit authors, who have senior corporate, consultancy, organisational performance benchmarking and change management backgrounds. Each of which have over thirty years’ experience of designing and implementing team development programmes. Their knowledge and experience is an invaluable resource.