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Question 1:
(a) Define Business Process Benchmarking and explain why it is used in a company.
(b) Describe four types or forms of Benchmarking methods. Give one advantage of each type of method.
(c) What are the steps involved in benchmarking? Describe in each step, what activities are done at each step?
Question 2:
(a) Expand the acronym SWOT and state the usefulness of a SWOT analysis tool in businesses and organisations.
(b) Electronic Cigarette is a battery-powered device that is an alternative to smoked tobacco products. It gives the same physical sensation of inhaled tobacco smoke. A new company selling "electronic cigarettes" wants to operate in Mauritius. Use the SWOT analysis to assess this new company's position on the Mauritian market. Give three items under each of the four sections.
(c) Give two advantages and two limitations of using SWOT analysis as a tool.
Explain the relationship of basic components of the organisation. Relationship of the fundamental components of the organization: Objectives as decided within step I abov
1. Wage ratios must lie in between the inter-country productivity ratios. 2. Large countries are always less specialized. 3. Low wage countries have bigger gains from trade.
Merits of specialisation include: Being able to provide a focused, specific and personalized service to their customers means that sole traders can thrive solitary tra
My university lecturer asked me to prepare a reflection on how was the class and how will the business edge subject will reflect to my life? please answer as soon as possible. abou
advantages and disadvantange of the line organisation
Problem Write short notes on partnering? a) Three broad categories of relationships(Adversarial, Barometric, Complementary) b) Goals of partnership(Reduction in waste , S
a) Implement conditional formatting to show that if the total spent before VAT is £1000 or more, the cell will be highlighted in red to show that discount has been earned. b) In
Judge how the business and cultural environments shape the behavior of a selected organisation?
What factors affecting Morale? Factors Affecting Morale is as illustrated below: Factors that tend to lower or enhance the employee morale are as follows: a. Job Factors:
a) Describe how economic systems attempt to allocate resources effectively b) Assess the impact of fiscal and monetary policy on business organisations and their Activities c)
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