In this era of rapid and exponential change with regard to ecosystem megatrends and increasing social, environmental, and regulatory governance, organisations are constantly challenged to transform themselves and be future-ready. With the traditional approach of self-exploration and experiential learning proving to be ineffective, businesses are turning to innovative solutions to overcome these challenges.
Successful organisations have institutionalised Global Benchmarking as a strategy for learning and adopting innovative best practices at an accelerated pace. By studying and emulating the successes of other leading organisations, businesses can achieve sustainable growth, remain ahead of the competition, and exceed stakeholder expectations.
GT Business Excellence team is proud to share that we have the country’s largest pool of certified experts in internationally acclaimed global benchmarking frameworks such as the European Foundation for Quality Management (EFQM), Malcolm Baldrige Quality Award (MBNQA), Deming Prize, and more.
These global benchmarking frameworks are the result of a collaborative effort by industry experts and serve as a guidebook that provides valuable insights into global best practices on integrated leadership and management systems. These frameworks are designed to empower organisations to embed elements that are essential for building sustainable and world-class organizations. They are completely results-oriented and are driven by robust systems for developing, deploying, measuring, and improving organizational practices on leadership, strategy, stakeholder engagement, value creation, performance governance, and future transformation.
Global benchmarking frameworks are industry-agnostic, as they have been successfully implemented in more than 30,000 organizations across the globe, irrespective of their size, sector, or whether they are private, public or charitable organisations.
At Grant Thornton Bharat, we have established credentials to partner with client organisations for long-term turnkey engagements on global benchmarking and establishing the roadmap for the journey to excellence. These engagements can be based on adopting any one of the internationally acclaimed global benchmarking frameworks or designing a customised framework specifically for the client organization. We have the necessary expertise and tools for guiding organisations in selecting the appropriate benchmarking framework based on their industry sector, nature of work, and specific needs.
Business impact of Global Benchmarking
Any organisation investing in global benchmarking can expect an ROI of up to 5X over a period of 3-4 years. Typical benefits gained by the industry through the implementation of global benchmarking frameworks are as follows:
- Increase in share value
- Increase in revenue
- Decrease in CAPEX over sales
- Decrease in OPEX over sales
- Increase in EBITDA
Let’s jointly embark on this journey of Business excellence. Contact us today to schedule a consultation if you're ready to take your business to the next level.