Find out the answer to "When exactly does an organization need to Benchmark?" Benchmarking comes into existence usually when a company is faced by monopoly in the market by some other leading organization. To break that monopoly the rival company chooses to benchmark the standards, performance criteria and processes of that organization, in order to attract the customers and retain their position in the market as one of the competitors in the industry. Where benchmarking serves as an advantage to those firms who want to set a standard for their performance and attitudes, this also creates a threat for the top leading organizations in the industry as due to benchmarking the company would be facing competition in the market, there will be threat to their long hold position in the market. To attract the customers, an organization can use benchmarking to improve its processes, which can be improving its recruiting processes or its customer services. When an organization thinks that it is falling behind other organization in terms of satisfying its customers with their services and products which they manufacture, then benchmarking can be used to determine the gap and differences between the top leading companies’ and their own. The determination of this gap helps an organization in developing new strategies and applications by study and analysis, which ultimately helps the organization to succeed and accomplish its goals. This is called external benchmarking where an organization feels a need to see the practices and collect data of the leading organizations in the industry. Benchmarking is sometimes also used not to set standards, but to check the set of attitudes and performance standards of other firms. This helps an organization to know that in which processes the company is behind them and how differently they are dealing with the same problems and issues. That is why, the data used in the benchmarking can be considered a threat to the organization it belongs since it might reveal secrets to other firms. This tool of benchmarking is at times needed and used when the organization wants to compare the best practices of the leading companies in the industry. This type of benchmarking is done when the company is seeking a factor that could be held responsible for its success as it gives the idea about the success factor of the leading organization and how they gained it. If a company gain this success factor from the top leading organization, then they can easily enter into global market. This type of benchmarking helps the companies to set the standards and attitude according to the varying demographic conditions and the culture of the countries where
they are operating or plan to operate. This is done so that the organization’s attitude and ways would not offend the nationals of that country. As the attitudes, ways and culture vary from country to country they must be understood and benchmarked to be successful. At times benchmarking is done internally too, within the same organization. This is done because at time few departments in the organization are doing very well and others are not. This creates an imbalance in the organization, which eventually has an impact on its success. Therefore, internal benchmarking is also at times necessary so that same kind of organizational culture is followed thorough out the company. People follow same guidelines and focus on same vision and mission of the company. This is important of writing services to charge their clients cheap. That is because their prospective customers are mainly students, who normally have very tight budgets. However, students need to look at plenty of other factors as well, before opting to choose one of the many writing services on the internet. Students are generally looking for a genuine assignment writing service, a writing service they have not been able to find since ages.