what is benchmarkinga continuous systematic
What is Benchmarking
"A continuous, systematic process for evaluating the products, services and work processes of an organisation that are recognised as representing best practice, for the purpose of organisational improvement."
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explain the risk management strategiesretain the riskif risk is small and wont affect companys profits company does very little and lives with
the process of review and audit of internal control systemsthe board of directors are responsible for review and maintenance of internal controls
explain the term- administration of decisionsconformance compliance and efficiencythis is focussed on the administration of decisionsprocesses and
explain the term- quality of decisionsperformance and business riskthis is focussed on quality of decisionsthe comparison of an organisations
what is benchmarkinga continuous systematic process for evaluating the products services and work processes of an organisation that are recognised as
state about the internal benchmarkingcompare an internal function to the best internally within same organisation for example different methods of
best practice or functional benchmarkingcompare an internal function to the best however not necessarily an organisation in same industry for example
explain the competitive benchmarkinghealthcare services or hospital are compared to rival competition in the same industry for instance methods of
determine about the strategic benchmarkingcomparison in terms of an organisations strategic choices made to the most successful market leader for
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