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Homework answers / question archive / Use your understanding of how managers set performance targets to complete the following sentence
Use your understanding of how managers set performance targets to complete the following sentence.
1) The hardest part of the benchmarking approach is ----------------------------
2) The following table shows the steps in the benchmarking process. Identify the usual order of these steps.
Step Steps in the Benchmarking Process
Get information about what each external company is doing and compare it to what your company is doing.
Determine which measures you will use in benchmarking, and collect information about them.
Create plans for improving your company's processes
Find the companies that are best on each measure.
Identify which processes to benchmark.
Answer:
1) Hardest part of the benchmarking approach is Identifying companies that will give you information
2)
Steps in the benchmark process:
