Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. although benchmarking is a popular management tech

Although benchmarking is a popular management technique, many firms are not engaged in the benchmarking process. Why...

70.2K

Verified Solution

Question

General Management

Although benchmarking is a popular management technique, manyfirms are not engaged in the
benchmarking process. Why do you think some firms avoidbenchmarking? Are any of the reasons
valid? Why or why not?

Answer & Explanation Solved by verified expert
3.9 Ratings (516 Votes)
Benchmarking is an important technique however many firms are not engaged in the practice because of the following reasons 1 Changing standards Since there is a continuous change in the standards for some organizations firms do not    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Let's assume the first scatter plot shown is showing the amount of animals a person has...

Medical Sciences
1.2K views

Distinguish between Bohr effect and chloride shift as they pertain to gas transport.

Accounting
1.2K views

Please read carefully what is required and answer all the sections. if you cannot solve, leave...

Physics
1.2K views

1 The coefficient of thermal conductivity of copper is nine times that of steel In...

Geometry
1.2K views

The standard deviation of the given data 14 13 16 9 3 is

Calculus
1.2K views

A monopolist faces the following demand curve Quantity 3 4 5 O 1 11 9...

Accounting
1.2K views

Question 2 What term is used to describe the process of reducing foreign exchange risk?...

Accounting
1.2K views

Arrange the steps in accounting cycle in the proper sequence

Accounting
1.2K views

Jansen Company reports the following for its ski department for the year 2019. All of...

Accounting
1.2K views

Adams, Peters, and Blake share profits and losses for thelr APB Partnership in a ratio...

Accounting
1.2K views

Farrow Company reports the following annual results. \table[[],[eBook],[Hint],[Print],[References]] \table[[Contribution Margin Income Statement,Per...

Accounting
1.2K views

Required information Exercise 11A-3 Transfer Pricing Situations [LO11-5] [The following information applies to the questions...