What are the different types of benchmarking, Business Management

Assignment Help:

Problem

What are the different types of benchmarking and explain the reasons for Benchmarking?

Different types of bench marking

Performance benchmarking or operational benchmarking
Process benchmarking or functional benchmarking
Strategic benchmarking

Reasons for Benchmarking (any four reasons given below)

to achieve business and competitive objectives
external orientation
helps in developing best practices
time and money are saved
helps in developing healthy competition
helps an organisation to identify whether they have fallen behind in competition
enhances innovation

Related Discussions:- What are the different types of benchmarking

Explain the different modes of outsourcing, Problem 1: (a) What do you ...

Problem 1: (a) What do you understand by the term "outsourcing"? (b) Outsourcing services can be categorized into two groups namely Technology Services and Business Processe

ABC liometed, 2. What, in your opinion, could be the reasons for different ...

2. What, in your opinion, could be the reasons for different managerial thoughts in this case?

Bulk purchasing, Every morning a purchasing assistant will take the previou...

Every morning a purchasing assistant will take the previous day's prescription log and parse it into two history files: filled prescriptions (drug name and quantity sold), and unfi

Concept of sustainable development, Question: a) Discuss the relations...

Question: a) Discuss the relationship between the concept of sustainable development and clean development mechanism. b) List the benefits of Clean Development Mechanism.

Principles of management, Using illustrations, show how any one dysfunction...

Using illustrations, show how any one dysfunction in the above management functions might affect the effectiveness of an organisation.

Write brief notes on the dictionaries and encyclopaedias, QUESTION 1 (a...

QUESTION 1 (a) Write brief notes on the following: (i) Dictionaries, (ii) Encyclopaedias (b) On what occasions would you use them? (c) Name a few that are found in librar

HRM, Ways to measure the success of a selection

Ways to measure the success of a selection

Anticipation inventories, Anticipation inventories are held for the rea...

Anticipation inventories are held for the reason that a future demand for the product is anticipated. Production of specialized times like crackers well before Di

How is market mix illustrated by p variables of marketing, How is the marke...

How is the market mix illustrated by the P variables of marketing? The given figure demonstrates the market mix, additionally sub divided as: The marketing mix is the centra

Management, Determine the reasons for the team’s effectiveness. (Hint: You ...

Determine the reasons for the team’s effectiveness. (Hint: You might look for web sites sponsored by the group itself, review online news sources for current articles about it, or

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages