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    This document discusses earth leakage protection and provides information about benchmarking. It defines benchmarking as measuring a company's success against competitors to improve performance. It explains that benchmarking allows learning best practices from others and adopting techniques to become as good as other organizations. The document outlines the primary types of benchmarking as internal (within an organization) and external (comparing to industry peers). It also lists some specific types like process, financial, and product benchmarking.

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    (20013322-021)

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    This document discusses earth leakage protection and provides information about benchmarking. It defines benchmarking as measuring a company's success against competitors to improve performance. It explains that benchmarking allows learning best practices from others and adopting techniques to become as good as other organizations. The document outlines the primary types of benchmarking as internal (within an organization) and external (comparing to industry peers). It also lists some specific types like process, financial, and product benchmarking.

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    8 views14 pages

    021

    Uploaded by

    muneebsaif
    This document discusses earth leakage protection and provides information about benchmarking. It defines benchmarking as measuring a company's success against competitors to improve performance. It explains that benchmarking allows learning best practices from others and adopting techniques to become as good as other organizations. The document outlines the primary types of benchmarking as internal (within an organization) and external (comparing to industry peers). It also lists some specific types like process, financial, and product benchmarking.

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    of 14

    Title: Earth leakage protection

    • Name: MUNEEB UR REHMAN


    • Roll no: 20013322-021
    • Course slides: Switch Gear and protection system.
    • Course code: EET-354
    • Instructor of course: SIR Nazam Siddiqui
    WHAT IS BENCHMARKING

    Benchmarking is a process where you measure your company's success


    against competitors to discover how to improve your performance.
    WRITES ITS TOOLS
    WHY BENCHMARKING ?

    • Benchmarking helps to improve own performance. By understanding our


    customers, processes, structure and culture, we are ready to learn about
    others performance and learn about their practices.
    • Learning to learn we can have a basis from which to compare ourselves
    with others.
    • Benchmarking allows us to adopt to techniques and best practices and
    makes us as good as the other organizations.
    PROCESS OF BENCHMARKING
    TYPES OF BENCHMARKING
    • There are two primary types of benchmarking:
    • Internal benchmarking: comparison of practices and performance between
    teams, individuals or groups within an organization.
    • External benchmarking: comparison of organizational performance to
    industry peers or across industries.
    Cont.…..
    • Process benchmarking. ...
    • Financial benchmarking. ...
    • Performance benchmarking. ...
    • Product benchmarking. ...
    • Strategic benchmarking. ...
    • Functional benchmarking.
    Advantages of benchmarking
    Disadvantages of benchmarking

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