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The process of self assessment is new to many businesses and whilst it has become a
legislated necessity (Basel II) for banks, it can be a very powerful tools for all other
businesses as well as the public sector.
The use of self assessment enhances:
- Job satisfaction for employees (if implemented properly)
- Efficiency and / or profitability of the operation
- Customer satisfaction and sales
The introduction of self assessment processes in all facets of the business facilitates
ongoing problem recognition and self correction processes with the continual
involvement of management. The process dovetails into the company's audit process.
The key to success in self assessment is to ensure that the self assessment
process itself is monitored continually - and with the involvement of
management.
Blending Business helps companies implement self assessment processes through
tailor-made training and/or Group discussions with management.
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