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

Define the total cost of ownership concept, a). briefly discuss under what ...

a). briefly discuss under what circumstances IS resources might provide the firm with a sustainable competitive advantage. b). Define what is meant by 'IS Evaluation' and explai

Applying Psychology at work, You are a middle manager for a company and are...

You are a middle manager for a company and are planning a training session for your supervisors on effective versus ineffective leadership. You know from past training sessions tha

Explain how effective teamwork, QUESTION (a) Explain how effective team...

QUESTION (a) Explain how effective teamwork is beneficial to both the individual and the organisation. (b) Team leaders must be on the lookout for symptoms of ineffective te

Major characteristics and policies of a company, Question 1 A well- for...

Question 1 A well- formulated strategy is vital for growth and development of any organization. Explain the corporate strategy in different types of organization. Question

What is persuasive communication, QUESTION 1 Explain the importance of ...

QUESTION 1 Explain the importance of the i) Perceptual, ii) Behavioural and iii) Relational consequences of communication. QUESTION 2 Using a concrete example

GE matrix, What are the characteristics of each component of the GE matrix...

What are the characteristics of each component of the GE matrix?

Caselets, What should Mr. Sharma have done to avoid the misunderstanding?qu...

What should Mr. Sharma have done to avoid the misunderstanding?question #Minimum 100 words accepted#

Marketing, could you please help me with my marketing assignment

could you please help me with my marketing assignment

PPD, Identify development opportunities to meet current and future defined ...

Identify development opportunities to meet current and future defined needs

Advantages and disadvantange of the line organisation, advantages and disad...

advantages and disadvantange of the line organisation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd