Achieving perfection in your business

Benchmarking is:

• Marking different products as good or bad

• Evaluating something by comparing it to some standards

• Deciding if to sell a product or not

• Coming up with an idea for a new product

Methods are:

• products that are hard to transport

• products which are easily sold

• ways you do something

• minimum standards you have to meet

Management strategy is:

• a successful step in a company's life

• telling employees what their duties involve

• managers of the company deciding on how to achieve success

• the way of running a company

Internal benchmark is:

• a problem within the company

• comparing your company to itself (its previous achievements and failures)

• analyzing data from different companies

• a success tht a company is famous for

Quality management is:

• the process of managing and improving the quality of products

• analyzing what is wrong with the products which cannot be sold out

• the best quality that the company can get on a produc

• the gruop of people within the company which decides if products are of good quality

Competitive benchmarking is:

• making reports on how the company is going on

• a process of being more and more similar to competitors

• a company that produces the same goods and marks them in the same way

• comparing your own company to the other ones using certain measurements

Functional benchmarking is:

• marking products which funcion well with a special label

• comparing two cometitors

• comparing how the company does someting and how it is done in another company

• deciding if to close a company or not

Best practice is:

• a person who is considered the best emloyee in the company

• a method which is officially considered the best to be successful

• a strategy to do everything to be the best in the market

• the exercise which is supposed to be the best of all

Six Sigma is:

• a group of six best companies producing the same products

• a group of people working on developing the business they=y work for

• a way of counting the company's best managerial decicions

• a method of constant development of a company and eliminating failures and mistakes

Detractors are:

• things that help you achieve your goal

• people who support a certain idea

• people who are against a certain idea

• things that don't allow you to do something