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

Case study with solution, This case has been framed in order to test the sk...

This case has been framed in order to test the skills

Arguments for a country wishing to restrict free trade, Briefly explain the...

Briefly explain the main arguments for a country wishing to restrict free trade. Protection There may be a require to protect fledgling industries which would not be able

People leadership and management, Drawing upon examples from your experienc...

Drawing upon examples from your experience of team working in organisations or in classroom activities, identify two key theories, concepts or models that have helped you to

Consumer ., "consumer mind is a black box" discuss

"consumer mind is a black box" discuss

Elements of just in time manugacturing, Components/Elements of JIT JIT m...

Components/Elements of JIT JIT manufacturing consists of several components or elements which must be integrated together to function in harmony for its successful implementatio

Describe the banking structure in the united kingdom, QUESTION Outline ...

QUESTION Outline five (5) different principal risks that banks normally face in their day to day business and explain the different Risk Management techniques used by them to m

Classification and identification of inventories, The inventory includes st...

The inventory includes stocks of raw materials semi finished goods finished and components etc, of several description. In order to facilitate prompt recording locating and

Managerail economics, Using the case study approach,discuss the significanc...

Using the case study approach,discuss the significance of managerial economics in regard to business strategies employed by business entities currently operating in the global econ

An important role of management in promotion of productivity, How can manag...

How can management play an important role in promotion of productivity? Productivity means that more number of goods or output through the same amount resources or input. Manag

What are the steps of collective bargaining process, What are the steps of ...

What are the steps of collective bargaining process? The steps comprised in collective bargaining process are as given below: a. Putting up before management, through the em

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