 Quote of the Day “The conventional definition of management is getting work done through people, but real management is developing people through work.„
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InnovationConcept Briefing:Innovation may be defined as the process of making improvements by introducing something new which must be substantially different, not an insignificant change. In economics the change must increase value, customer value, or producer value. Innovations are intended to make someone better off, and the succession of many innovations grows the whole economy.Need more information on Innovation?Continue reading 21.03.2007. 22:20 BenchmarkingConcept Briefing:"Best practice benchmarking" or "process benchmarking" or simple "benchmarking" is a process used in strategic management, in which organizations evaluate various aspects of their processes in relation to best practice, usually within their own sector. This then allows organizations to develop plans on how to adopt such best practice, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to challenge their practices.Need more information on Benchmarking?Continue reading 25.01.2007. 07:07 Best PracticeConcept Briefing:Best practice is the process of developing and following a standard way of doing things that is more effective at delivering a particular outcome than any other ways and which multiple organisations can adopt and utilise. Best practice may involve technique, method, process, activity, incentive or reward, etc.Need more information on Best Practice?Continue reading 25.01.2007. 07:02 |