Competitiveness Benchmark, measuring company competitiveness
A Competitiveness Benchmark will:
• Measure a company’s performance compared to its competition
• Identify strengths and weaknesses of the company
• Be a springboard for improving competitiveness & growing the business
To improve a company’s competitive position and help target business areas for further improvement, in order to deliver best in class products or services.
Benefits for the Company:
- it measures a company against its local and international competition.
- it relates practices in place to company performance and rates it against competition.
- it shows how a company compares on profitability, sales, productivity, relationships with customers and suppliers, staff, innovation, investment in the future and manufacturing and service processes.
How is it carried out?
It is a three-stage process, with the assistance of a trained facilitator:
- Filling out the numerical data in the Winning Measures questionnaire.
- Answering the multi-choice questions in the Probe & Marketing questionnaires.
- Reviewing the feedback report.
What are the outcomes?
The feedback report establishes the company’s competitiveness against international standards/companies.
It includes a summary of the company’s strengths and weaknesses under six business areas.
- Strategy and Productivity
- Human Resources
The time commitment required by the company is as follows:
- The company gathers the quantitative (mainly financial) inputs (2hrs).
- 3 hours facilitation process with a cross section of the employees (managers & staff, usually 3-5 people) to make the qualitative inputs with a trained facilitator.
- The feedback will take 1.5 hours and will include a discussion on – Where to from here and how best to address the weaknesses and achieve the goal of improved performance?
- The total fee paid directly to the facilitator on receipt of a final profile is €1800.
For further information contact:
Your IDA Project Executive or Sinead Coffey, IDA Executive at +353 51 357 844