PLEASE, PLEASE, I NEED HELP ASAP!!!!! Compare the Japanese automobile manufactur

Question

                    PLEASE, PLEASE, I NEED HELP ASAP!!!!!

                    Compare the Japanese automobile manufacturer Nissan to Toyota, General Motors, and Ford.

                        Step 1: Pick an industry that you find interesting. This may be driven by a company by which you                         would like to be employed or by some other factor. Within the industry, identify three companies that compete with one another. In order to ensure                         comparability, go to http://money.msn.com, find and enter the company stock symbol, and then go to                         Fundamentals, Company Report. The industry is in the first column, underCompany Information. Find three companies that are in the same industry.

                        Step 2: Collect data related to each company. At a minimum, find the income per employee,                         revenue per employee, receivable turnover, inventory turnover, and asset turnover for each company. This data is available under

Explanation / Answer

Benchmarking is the process of improving performance by continuously identifying,
understanding, and adapting outstanding practices and processes found inside and outside
an organization.Benchmarking focuses on the improvement of any given business process by exploiting
"best practices" rather than merely measuring the best performance. Best practices are the
cause of best performance. Companies studying best practices have the greatest
opportunity for gaining a strategic, operational, and financial advantage.

Approximately 20 UK and 10 Japanese car and component makers took part in the study. The Japanese leg was conducted with collaborators from Chuo University in Japan. The results revealed substantial differences between Japan and the UK (generally in favour of Japan), based on measures such as development lead times and the time taken for manufacturing performance to settle to normal levels following new product launch.

The conclusions and recommendations from this study were presented to the Industry Forum in a written report in July 2001. During 2002 these results will be disseminated more widely via the CBR working paper series and through conference papers and journal articles.

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