BENCH MARKING ....."THE WORD OF MANAGEMENT DISCIPLINE"

"BENCH MARKING"........a way to achieve the organisational goals and to taste the success. Bench marking is a standardization process for all levels of activities of an organisation and so, bench marking system plays a vital role in management. This system can be adopted for any organisational functional areas and also it is an excellent performance evaluation technique.

Bench marking system is mainly used by the Quality Assurance department of a company. But this concept is a broad one and so we can apply this to any result oriented process. The bench marking is widely used by big shot companies in the field of Global market expansion area. This process helps to ascertain and identify the current situation and expected levels. Financial budget is a good example for Bench marking System.