Strategic Benchmarking is concerned with which of the following ?

CS Executive · Financial and Strategic Management · PYQS · June 2022
Strategic Benchmarking is concerned with which of the following ?
(A) It helps the companies to identify the winning strategies used by successful companies and thereafter adopt them in their own strategic process
(B) It looks at other companies that engage in similar activities and identifies the best practices that can be applied
(C) It compares other companies' financial performance
(D) It determines how strong a company's products are as compared to that of competitors

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Strategic Management

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