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Essay / Research Paper Abstract
This 7 page paper provides a summary for Chapters 7 and 8. While the chapters are summarized, some critique and insights are included as well. Benchmarking is discussed. No additional sources cited.
Page Count:
7 pages (~225 words per page)
File: RT13_SA314bnc.rtf
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Unformatted sample text from the term paper:
terms of performance improvement, the action of leadership is the most important tool that firms possess. Corporations have challenged senior executives to model the behaviors, attitudes, values, actions and
skills that are advocated for their organizations and so American leadership is being asked to walk the talk. Hence, benchmarking is brought as an idea whose time has come, and
according to authors, that it should be implemented in the boardroom as well as executive offices. Authors relay five critical applications which are that the process allows
executive officers and directors to know where their corporations stand as opposed to the best, and benchmarking is a practical tool for creating a fast-learning organizational culture that is dedicated
to continuous improvement. The third application is that benchmarking is good for strategic planning in order to attain market leadership and that it is a true breakthrough technique that allows
one to accomplish organizational restructuring, reengineering or redesign. Finally, benchmarking is a wonderful tool to assist board members in the performance of their duties of corporate governance and oversight.
In comprehending where a particular corporation stands versus the best in the business, benchmarking is an important leadership responsibility. Benchmarking is also seen as an essential leadership skill today
and an example regarding Du Pont is presented. Also, how Disney culture was created is used as an example as other firms might want to give this company a second
look. The point is that in order to see how one firm is doing, other firms must also be examined. Nothing exists in a vacuum. An example is also provided
of a firm that has an attitude that it can learn from everyone and this has defined the corporate culture. Instead of just saying they are the best, they rather
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