Great-West Life established cost management and benchmarking as keys to the company's corporate strategy in 1992, and in a 1997 acquisition, benchmarking brought discipline to the integration efforts and targeted acquisition cost synergies were achieved ahead of schedule. Throughout the 1990's, Great West’s cost management strategy was enabled by benchmarking, and the process contributed significantly to the company being able to grow Earnings Per Share at a compound annual rate exceeding 20%...

BPIR Categories

11.6.2 Acquire & redeploy fixed assets
14.2.4 Conduct best practice/ process benchmarking

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