Generic Benchmarking approach deals with which of the following?

CS Executive · Financial and Strategic Management · PYQS · June 2022
Generic Benchmarking approach deals with which of the following?
(A) It focuses on excellent work processes rather than on the business practice of a particular organization
(B) It compares the work of different teams or business units or divisions within the same organization
(C) It compares itself with the competitors inside the industry itself
(D) It compares the functional area of the organization with similar organizations

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Strategic Management

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