Generic Benchmarking is valued more as compared to internal benchmarking, Why is it so as both are stated as benchmarking.
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- Explain generic benchmarking is valued more as compared internal benchmarking and why is it so as both are stated as benchmarking?Explain how to establish the benchmarking process. Also, address the critical issues you must address.What is meant by bench marking? Explain the benefits a firm derives from benchmarking
- Assume you are responsible for developing a benchmarking program. Describe how you would go about establishing the benchmarking process. Be sure to also address the critical issues you must address.When compared to the idea of "quality improvement," what is the difference between benchmarking and that term?In which method of benchmarking there is comparison of a business process with a similar process within the organization? a. Sustainable benchmarking b. Financial benchmarking c. Cost based benchmarking d. Internal benchmarking