Examlex

Solved

What Is Benchmarking and Why Is It a Strategically Important

question 154

Short Answer

What is benchmarking and why is it a strategically important analytical tool?


Definitions:

Gains

The financial increase obtained from an investment or transaction, exceeding the initial cost or investment.

Mergers

The combination of two or more companies into a single entity, often aiming to achieve greater efficiency or market share.

Complementary Resources

Assets or inputs in a business that work together to increase efficiency or create a greater competitive advantage.

Synergistic Benefits

Gains achieved by combining different parts of a business or companies that work better together than separately.

Related Questions