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explain the competitive benchmarkinghealthcare services or hospital are compared to rival competition in the same industry for instance methods of
best practice or functional benchmarkingcompare an internal function to the best however not necessarily an organisation in same industry for example
state about the internal benchmarkingcompare an internal function to the best internally within same organisation for example different methods of
what is benchmarkinga continuous systematic process for evaluating the products services and work processes of an organisation that are recognised as
explain the term- quality of decisionsperformance and business riskthis is focussed on quality of decisionsthe comparison of an organisations
explain the term- administration of decisionsconformance compliance and efficiencythis is focussed on the administration of decisionsprocesses and
the process of review and audit of internal control systemsthe board of directors are responsible for review and maintenance of internal controls
explain the risk management strategiesretain the riskif risk is small and wont affect companys profits company does very little and lives with
determine a process to managing risk1 risk committee set up to address risk issues identified for example regular risk audits to identify and
what is risk managementrisk management is to recognise the risks to which company is exposed to
examine the examples of political risk within countries outbreak of national war unrest civil war or riot nationalisation of industriesfor example
country analysis and political riskcountry analysis could use tools for example pest factors in order to strategically analyse countriespolitical
pest analysis and its derivativessuch a process is required for an organisation to be continually aware
pest analysis political for instance political culture bureaucracy of regulating competition economic for instance exchange rates interest rates
examine about environmental external analysisa study that considers potential environmental effects during planning phase before an investment is
state the term- dealing with general riskpart of the strategic decision making process is to analyse all
acquisition takeover or mergera merger is the synergy or combination of two companies which are roughly equal in size by consensus of two
enumerate the internal development of any business or organic growthbusiness grows using its own internal resources- reduces risk of the high cost of
state the factors of small organisations- more creative and dynamic- more flexible to adapt to environmental changes- more informal and small for
determine the factors of large organisations- greater efficiency and productivity achieves economies of scale- easier to manage organise and
what are the reasons why organisations grow required to provide higher financial returns to investors eg increases the wealth of shareholders
what are the measures of growth sales or market share number of products or markets employees profit number of retail
enumerate about the turnkey operationsan illustration of a turnkey business would be a franchise for example immediate brand systems and product with
state about the manufacturing overseas or exportingdyson appliances manufacturer relocated uk production to malaysia in 2002 though still retained
determine about the sales agentsnormally used for more effective sales and marketing activities for a product for example avon cosmetics door to door