Benchmarking

Do you think benchmarking is just another fad or is it useful for all firms? Why or why not? How could benchmark be used in the nursing field? Does it rate as a viable tool for future development?

Benchmarking is a useful concept for organizations as it defines and elaborates the best practices of an organization and makes them superior among its competitors in establishing a leading position (Coers, Gardner, Raybourn, & Higgins, 2002). It is important in measuring how a person or an organization is serving in order to achieve its targets and retain improvement, which develop as its competitive advantage. Benchmarking also helps in setting goals for others after comparing their processes and outcomes with the bench markers. Although in some cases, benchmarking does not work well. For benchmarking to work, the process must be similar when taken in comparison. Without having similar attributes, you cannot manage...
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