International Benchmarking Methodology Applied to Organizations

Abstract

The international benchmarking methodology has emerged as a crucial device for understanding global interconnectedness, and the need for countries and regional blocs to interact at various levels. When adapted for use in the business context mindful of intersectoral collaboration, it facilitates the development of standards to determine the nature and extent of international interactions, facilitating the development of avenues for conceptualizing differences and similarities in policies, actions, and national strategies. The adapted methodology focuses on power dynamics analysis, focusing on states' motivations and behaviors, and analyzing economic, diplomatic, and military factors. The emerging approach is tailored to the unique characteristics of G20 and Gulf Cooperation Council (GCC) countries, integrating theoretical insights with practical steps for supporting decision-making and intersectoral dynamics. The methodology also addresses cooperation and economic interdependence, leaning heavily towards liberalism theory, which emphasizes cooperation, institutions, and the interconnectedness of entities. It emphasizes the potential for collaboration, shared norms, and the role of international organizations. This adapted methodology involves evaluating existing economic collaborations, incorporating benchmark techniques for competitiveness, and assessing institutional roles and agreements. This approach aims to promote global cooperation, facilitate faster conflict resolution, and yield mutual benefits that is a forerunner for moving innovative and creative approaches forward within the context of transformation initiatives.