The best-practice company and other benchmarking myths

Article Abstract:

A survey of manufacturing firms yielded five important lessons about benchmarking. One is that most companies overestimate their performance with about 81% inaccurately seeing themselves as belonging to the top 25% of their industry. Another is that most benchmarking manuals cater to FORTUNE 100 rather than small companies. Companies must also realize that there is no such thing as a best-practice organization.

Evaluation, Benchmarks, Benchmarking, Industrial management

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Increased Hiring Seen for 1984

Article Abstract:

Four hundred and thirty-three employers told The College Placement Council, Bethlehem, Pennsylvania, that hiring of new college graduates will increase in 1984. The employers plan to hire twenty-four per cent more college grads in 19848 but will go to fewer schools. The largest category of grads hired will be holders of science, math and other technical bachelor's degrees.

College graduates, Employment

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