Dear Priya,
Your question is small but its reply is quite long.
Recently I conducted a training for one automotive company. For this I did survey of auto-mobile companies of the world as well as of India.
When you look at their financial reports, you will get their management efficiency ratios. You measure similar ratios for your company too. Once you measure, it will help you in benchmarking.
Classic example is of Inventory Turnover Ratio. While for Maruti Suzuki India it is 30.47 for FY 2010-2011, for my client it was just 2.0
Most of the Indian companies are laggard because leadership does not encourage implementation of the knowledge acquired during the degree courses of engineering, management etc. To implement this you do not require any creativity.
Coming back to the Inventory Turnover Ratio. My client did not implement basics of material management, leave aside implementation of the concepts of Supply Chain Management. Thus spoke the difference in Inventory Turnover Ratio. Similar is case of other ratios too.
Thanks,
Dinesh V Divekar