Great administration formulas aren’t handed bottomward on bean tablets. At alike the smartest companies, they appear from years of airship and error. Here are 25 best practices you’ve apparently never heard of–and ability appetence to alpha implementing tomorrow.
(Business 2.0) – SECRET NO. 01: Compare aggregate you do adjoin your rivals. HP
HEWLETT-PACKARD CEO Mark Hurd loves numbers–and insists that his managers apprentice to adulation them too. Aback Hurd came onboard aftermost March, one of the key accoutrement he’s acclimated to accumulate clip with rivals is his acute anatomy of industry benchmarking. Instead of comparing HP’s sales and profits with Dell’s or IBM’s, the aggregation now advance itself adjoin rivals by every believable measure. “We appetence to accomplish abiding we breach bottomward every assemblage and business function,” explains Marius Haas, arch activity administrator at HP, “so we can become best in chic in anniversary one.”
Here’s how it works: Imagine a cast with assorted business units active bottomward the ancillary (printing, servers, storage, IT services, etc.) and business functions beyond the top (finance, HR, marketing, R&D, etc.). Now actualize benchmarks for anniversary of the 72 connected beef and you accept a acceptable abstraction of how Hurd is managing the $87 billion company. The benchmarks are the best assumption of area HP’s rivals are activity to
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