Question 1 describe the concept of benchmarking provide an, Ask an Expert

Management Studies

Question: 1. Describe the concept of benchmarking. Provide an example of how a restaurant you are familiar with could use benchmarking to improve its performance.

2. What is a benchmark firm? Why is it good practice for a benchmark firm to open its doors and allow others to view its operations and tour its facilities?

3. What are the pros and cons of becoming a benchmark firm? If you were the manager of a highly successful company, would you want other companies benchmarking against your firm? Why or why not?

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Management Theories, Management Studies

Category:- Management Theories
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