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What are the Drawbacks of benchmarking
- Benchmarking systems and programmes can be costly and time consuming
- Diversity and complexity of information can 'overload 'management e.g. so much information; management can't see the wood through the trees.
- Obtaining information to actually undertake a BM exercise can be a problem e.g. historical, absent or out of date.
- Deciding who the 'best in a class 'is?
- Keeping staff motivated e.g. staff can be criticised and once they exceed standards the standard is normally raised.
- Confidential information could be leaked or compromised when shared.
What is the investment opportunity schedule (IOS)? How does it help financial managers make business decisions? The investment opportunity schedule depicts graphically propose
#questionoperating cycle in vegetable growing business in uganda..
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