Frequently Asked Questions
The EFBQ qualifies distinctive entrepreneurship and inspires management to excel in a process of continuous improvement. The foundation of the EFBQ is the unique Business Qualification StandardⓇ. Through benchmarking, organizations recognize where they already excel and where there are potential areas for improvement. The EFBQ benchmark used for this is not a minimum standard or an average, but a comparison with best practices. The Business Benchmark with 100 selected companies from different branches focuses on continuity, results and value creation.
When you participate as company:
- Benchmarking through the Business Qualification Standard®
- A customized Business Qualification Roadmap
- Acces to the Business Benchmark Group
- Periodic Business Reviews as progress insurance
- Best Practices Toolbox with distinctive practical examples
- Patricipation in Benchmark Meetings with experts
- Business Benchmark Centre as knowledge center
A number of basic criteria used are:
- Exclusivity for each sector: the company's branch should not yet be represented in the Benchmark Group
- The company has a size between 50 to 5,000 employees
- The company profiles itself positively in the market
- The board and/or management team has the ambition to continuously improve the organization and has sufficient focus on distinctive entrepreneurship or wants to improve on this
- The board and management team are prepared to have their own performances evaluated and to benchmark the results anonymously to other organizations
- The board and management team are willing to share their knowledge and experiences with the other participants
- The company can, and wants to be, an active participant in the Business Benchmark of the EFBQ
> Curious if you are eligible to participate? Then complete the quickcan.
There is no concrete answer to this. Active participation in the Business Qualification Process saves time by using the best practical examples to realize your own improvement processes faster. Insight into the experiences of others provides insight into the most important success factors and prevents the same mistakes from being made.
By actively participating and because every MT member takes part in a benchmark meeting in their own field about twice a year, they get the opportunity to step out of the operation once in a while and to present their own strategic issues to others. The remaining time investment differs per participant and depends on factors, such as the level of ambition of the management, the speed in which one wants to develop distinctive entrepreneurship and how many points for improvement need to be addressed.
A company determines where the focus within the Business Qualification Process will be. Based on this, a Business Qualification Roadmap is tailor-made for each participant.
In practice, it appears that companies are able to take bigger steps at the same time through a more structured approach and the exchange of knowledge and experiences.
Companies from non-comparable branches can have many similar policy aspects and management processes. Regardless of the product or service with which one operates in the market, every company has policies in the field of marketing, sales or HR and they can distinguish themselves in their own sector by gaining knowledge from other sectors, where certain policy aspects (through the nature of the industry) may be more advanced. The focus of the business benchmark is therefore on the strategic level and distinctive entrepreneurship, not on the operational or financial aspects.
Distinctive entrepreneurship has many variants, but it is essentially about not only doing "things right" (with a focus on improving internal processes), but also on doing "the right things" (making the right strategic choices), with a focus on continuity, results and value creation for the organization.
Participants qualify for distinctive entrepreneurship when they are recognized as best in class in their own (sub-)sector by colleagues. If you have recognized a best practice in someone or a company and you want to value this person or company (anonymously) for his or her performance, you can do so by filling in the form below.
> Nominate (anonymously) a person or a company
Benchmark meetings are organized periodically for various function groups, such as Executive Owners, Sales, Marketing, Finance, Operations and HRM. These are small-scale meetings in which the exchange of knowledge and experiences is very actively stimulated. Benchmark meetings are also organized for specific important themes, such as Blockchain, Innovation or Sustainability.
A working group led by Prof. P.M. In 1992 van Kempen conducted fundamental research into the essence of good and intuitive entrepreneurship. Advisors from KPMG, Berenschot and Coopers & Lybrand took part in this working group. The result was a complete classification standard with over 800 entrepreneurial considerations; the Business Qualification Standard®. This is the foundation of the EFBQ and it is continuously enriched and sharpened on the basis of current events and insights from participants and experts.
The Best Practices Toolbox contains practical tools for realizing continuous improvement in daily activities. The toolbox includes strategic question sets and considerations from the unique Business Qualification Standard®, best practices, management models and methodologies on all policy aspects.
The toolbox is continuously enriched and refined based on current events and best practices of participating companies and experts. A condition for inclusion of the various resources in the Best Practices Toolbox is that they have proven themselves in practice. This makes it possible for participants to take a look in the kitchen of other companies that have discovered, developed or successfully applied a certain tool.
Participants create a head start because they no longer have to invent the wheel themselves or encounter the same pitfalls. By learning from pragmatic practical examples, participants are able to immediately take the right steps and accelerate improvement processes.
Ensuring mutual confidentiality is of course very important for the companies that are part of the Business Benchmark Group. This is partly supported by the fact that only one representative is admitted per sector. So there are no competitors at the meetings. Furthermore a strict protocol is applied and discussed before each benchmark meeting.
Every participant signs a nondisclosure agreement when joining the EFBQ. This also applies to all the experts of the EFBQ Expert Community.
The Business Benchmark is an anonymous benchmark. The knowledge of best practices and points for improvement of the participating companies and experts is collected by the Business Benchmark Center, but not shared with others without explicit permission.
The benchmark group consists of ambitious organizations that are willing to hold up a mirror to their own performance and benchmark the results anonymously to other organizations. This benchmark is not conducted through a comparison with a minimum, or an average, standard, but with best practices. These are current and realized business cases within the business benchmark group. A different company can therefore serve as a best practice example for each policy aspect.