Benchmarking and Best Practices 101

404 views
352 views

Published on

This presentation will explain what benchmarking and best practices are, how you can identify and use best practices in your business and includes 5 of our favorite best practice infographics.

Published in: Business, News & Politics
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
404
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Benchmarking and Best Practices 101

  1. 1. BENCHMARKING AND BEST PRACTICES 101 What Are They, How Do You Benchmark & 5 Rocking Infographics
  2. 2. BEST PRACTICE: a proven method, process or technique in a given area that has consistently achieved successful results better than other means.
  3. 3. TODAY’S SMALL BUSINESS OWNER IS FACED WITH NEW CHALLENGES DAILY AND OFTEN REQUIRES FINDING BUSINESS SOLUTIONS AND IDEAS FROM OTHERS.
  4. 4. INFORMAL BENCHMARKING PRACTICES  Talking to colleagues and learning from their experiences  Consulting with experts  Networking at conferences, seminars, and internet forums  Publications that share benchmarking information
  5. 5. BESTPRACTICESHELPBUSINESSES  Identify what works  Avoid losing time and money trying other techniques that might not prove as useful  Avoid a detrimental mistake  Improve performance  Propel the company forward
  6. 6. 1. Identify one process, area of business or service that you want to improve 2. Find one metric with which to measure success 3. Create a list of competitors and other businesses in your industry 4. Compile information for each one on what best practices they have used as well as what has not worked 5. Adapt each best practice to your specific business 6. Evaluate your current situation 7. Implement the process and measure the results. METHODOLOGY TO STUDY BEST PRACTICES
  7. 7. BORROWING AND IMPLEMENTING BEST PRACTICES FROM OTHER SUCCESSFUL BUSINESSES AND INDUSTRIES CAN CONSIDERABLY GROW YOUR SMALL BUSINESS. TAKE THE TIME TO LEARN THE FACTORS OF SUCCESS AND YOUR BUSINESS WILL EXCEL.
  8. 8. Follow @MACsWomen on Twitter. Like the MACs Women’s Group Facebook Page Join the MACs Women Online Community Subscribe to our e-blasts

×