Comparative Management Definition Meaning and Example

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Comparative management is what companies use to compare their performance with other similar organizations. This helps them see what they are doing right and what they need to work on. It can be used for any business, but it’s most commonly seen in the automotive industry where there are many competitors that produce similar products.

What Is Comparative Management?

6 ANSWER

1. Comparative management is the process of comparing what you are doing to what other people in your industry are doing. This can help you identify what areas could use improvements and what areas need more focus. It’s important for any company that wants to stay competitive in their market because it allows them to see what strategies other companies might be using that they aren’t.

2. Comparative management is what companies use to compare their performance with other similar organizations. It involves a comparative study of the performance, policies, and procedures of different managers to assess what works best or does not work at all. This comparative analysis is mostly comparative.

3. Comparative management can be applied to various fields such as organizational development, benchmarking, and total quality management (TQM).

4. Comparative management is the comparative analysis that compares how different companies are performing to improve organizational management. It is also referred to as comparative organizational or comparative administrative research, comparative administrative studies, or comparative administration science.

5. Comparative management seeks to identify and understand differences among organizations with similar objectives in their organization, policies, procedures, and practices to improve the comparative performance of other organizations. Organizations usually perform comparative analysis before making decisions on different issues, programs, and projects.

6. Comparative management is the process of comparing what you are doing to what other people in your industry are doing. The comparative management method is used to analyze your business situation in terms of its performance, policies, and procedures with those of other organizations.