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Title: Genric Benchmarking

Essay Details

Subject: Business
Author: Ronald S
Date: March 6, 2014
Level: University
Grade: A
Length: 3 / 605
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Where do you find it? Perhaps you should model your solution on what the best among your competitors has done in a similar situation. This is called competitive benchmarking, and it reflects two problems, one obvious and one subtle. The obvious shortcoming is that competitors are not likely to share and surrender a competitive advantage...

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This is called competitive benchmarking, and it reflects two problems, one obvious and one subtle. The obvious shortcoming is that competitors are not likely to share and surrender a competitive advantage. Less obvious is that if the problem is more generic than specific to your industry, you have excluded from consideration the majority of organizations, one of which might have discovered the best answer...

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