Advanced management accounting Essay Example | Topics and Well Written Essays - 2500 words - 1

Advanced management accounting - Essay Example The process of benchmarking involves the search for the best practices and then comparing the performance with that followed in the organization and determining the future performance. The three underlying principles of the process are quality, customer satisfaction and improvement in action. (Kozak, 2004, p.5) The application of the process of Benchmarking is done to improve the overall productivity of the business. Through the process of Benchmarking it enables the organization to highlight their individual strength and weakness. The internal knowledge about a business is essential to bring about changes in performance level and through benchmarking the objective is achieved. As the process of Benchmarking involves a finding of the best practices used by organization, it also enables an overall analysis of the competitors. Thus the process of benchmarking enables organizations to stay ahead of the competitors in the same line of business (Moore, 2008, p.181). Four types of benchmar king are generally in use by the organizations. They are named as internal benchmarking, external benchmarking, competitive benchmarking and sector benchmarking. The scopes and objectives of the different heads of benchmarking are different in their nature. (Wober, 2002, p.3) Intel has been global leaders in the makers of computer chipsets over a decade. The business aims to improve the performance of the new generation of chipset in every release of their updated product. The popularity of Intel has been so vast that it has almost established a monopoly in the market of PC chipset producers. The company uses the process of benchmarking as one of the tools to improve the overall performance of the organization. Intel uses the help of PC platform performance bench marking process that helps in analyzing and measuring the performance of the PC’s build by them. The analyzing of the performance of their product helped them in Customer satisfaction to a large extent. The

Talent Leadership Model Assignment Example | Topics and Well Written Essays - 1000 words

Talent Leadership Model - Assignment Example Such as selection, training and development, succession as well as performance management. Talent management generally mandates human resource professionals as well as their clients to comprehend the way talent is defined, i.e. who should be regarded as ‘the talented’ and what should be the backgrounds of talented employees in an organization. In the context of talent management, talent leadership can be identified as the method of selecting and administering the performance of a particular team who assist in fulfilling the vision of an organization. It is quite significant for an organization to attract and retain the best talent in order to create the leadership pipeline. Organizations are further required to develop an efficient working climate so that they can generate higher productivity as well as requisite learning environment. Considering the talent management principles, the paper intends to propose a talent leadership model that can be successfully deployed by an organization for developing the performance. The objective of the paper is to describe various steps of talent leadership model and define how it can be beneficial for an organization to manage talents. In order to grow and thrive in the current business environment, there is requirement for talent leadership, robust communication as well as effective performance management in an organization. The direction in which an organization grows is basically dependent upon the effectiveness of the leaders to manage the talented employees.