Benchmarking Involves

question 76

Multiple Choice

Benchmarking involves

• A) comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs of these activities.
• B) checking whether a company has achieved more of its financial and strategic objectives over the past five years relative to the other firms it is in direct competition with.
• C) studying whether a company's resource strengths are more/less powerful than the resource strengths of rival companies.
• D) studying how a company's competitive capabilities stack up against the competitive capabilities of selected companies known to have world class competitive capabilities.
• E) comparing the best practices in one industry against the best practices in another industry.

---

Definitions:

Sequential Interdependence

A type of workflow where the output of one task or process serves as the input for the next, creating a sequence that depends on the previous step's completion.

Direct Communication

A form of communication that is straightforward and clear, where the message is conveyed directly without the use of nuances or ambiguity.

Task Interdependence

refers to the extent to which tasks within an organization require coordination and collaboration among different roles or units to achieve a common goal.

Stereotypes

Oversimplified, generalized beliefs or perceptions about the characteristics, attributes, or behaviors of a particular group or category of people.