Insurers' journeys to build a mastery in the IoT usage
Benchmarking
1. BENCHMARK
A set of conditions against which a product or system is measured.
BENCHMARKING
Benchmarking is the practice of comparing business process and performance
metrics to industry bests and best practices from other companies.
Dimensions typically measured are :1.Quality 2.time 3.Cost 4.Quantity
knock out company comparing Rs.10 packet with lays.
Benchmark Lays knock out
Quality A+ A
Time 2 3
Cost 6 7
Quantity 14gm 14gm
2. SUGGESTIONS FOR INTERNAL BENCHMARKING
• 1. connect with best practices to strategies and goals.
• 2. knowledge
• 3. techniques
• 4. Reward
• 5. communication
• 6. formal mechanism
3. CONTEMPORARY ISSUES IN CONTROL
• 1. Adjusting controls for Cross-Cultural Differences and Global Turmoil
i) Control techniques can be quite different for different countries.
ii) Differences are primarily in the measurement and corrective action steps of
the control process.
iii) Managers in foreign countries also need to be aware of constraints on
corrective actions they can take.
4. 2. WORKPLACE PRIVACY
• Employers can (and do)
• i) Read your email
• ii) Tap your telephone
• iii) monitor your work by computer
• iv) store and review computer files
• V) monitor you in an employee bathroom or dressing room
• Vi) track your whereabouts in a company vehicle
5. P
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• Employee theft:
any unauthorized taking of company property by employees for
their personal use.
Workplace violence:
The U.S National Institute of Occupational Safety and Health still
says that each year, some 2 million American workers are victims of
some form of workplace violence.