Benchmarking allows a company to ______________________ Select one: a.identify its strengths and weaknesses. b.imitate those ideas that are readily transferable. c.improve on methods in use by others. d.all of the above.
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Q: single measure of performance
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Benchmarking allows a company to ______________________
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- Mr.Abdul is a sales manager of Oman Foods Company. Which one of the following is the best reason that makes him continuously focus on reviewing and evaluating sales performance? a. To determine how many calls a salesperson makes b. To complete sales performance reviews c. To adjust with changing customer needs and modify strategic sales program d. To adapt pricing changesTick or Circle the most appropriate response Innovation is A concept that analyses production, distribution and consumption of goods The creation of better or more effective products, processes, technology or ideas ü A computerized method of designing better products An engineering process which is cost-effective Which of the following statements is not correct? When variation is found between actual performance and required objective, managers take action KPI does mean Key performance indicator Choosing a right performance indicator is often a challenge for Managers Non-statistical method is easy way to measure and compare performances Organizational culture can affect all components except: Work practices Value of time Availability of raw material Relationships between staff and management Managers need to examine internal and external factors for risk management. External factors for risk may include all except, The economic environment Competitor’s activity…1. Jim’s boss asked him to investigate why sales for the last quarter were low. Jim interviewed one of the sales managers about the problem, and she complained that the new people didn’t know how to sell. Jim then wrote a report in which he identified the new people’s deficient skills as the problem and recommended that more training be provided for them. What errors in interpretation do you see in Jim’s report? 2. You are writing a report on the progress of your local cable company’s efforts to increase the sales of five of its products through different advertising media: print and online newspapers and magazines, television, radio, email, and social media. Plan the headings for this report and explain why you’d organize the information this way.
- Read and review the following resources: Bible (version of your choice) The following chapters from Healthcare Strategic Planning, John M. Harris, Editor: Chapter 3, Section 2–Organizing for Success Chapter 4, Section 2–Major Planning Process Considerations Pharmacy Forecast 2019: Strategic Planning Advice for Pharmacy Departments in Hospitals and Health Systems(PDF document) Write an initial response to the following key question(s) or prompt(s): (Original Post is due by Thursday; Reply to at least one classmate by Saturday; Address any questions posed to you by the end of the workshop; Ensure to use references in each post) Any strategic plan must consist of organizing sub-steps and milestones needed to accomplish the end goal. As you work through the six steps of the PBL process, how will you evaluate progress, whether re-direction is needed, and what benchmarks will be used to determine if the plan is on the right track? How will you manage risks?Company G Competitor analysis. The competitor analysis report is a detailed investigation into your close competitor(s) and your firm. Use the Competitor Analysis Report (Appendix) format to do an analysis of your firm's own competitive situation. Your grade includes a consideration of the thoroughness and usefulness of your graphics, but not the "fanciness." I really don't care if you do some graphs by hand, as long as they are neat and get the key point across. If any of the questions in the Competitor Analysis Format are not relevant, just give a brief sentence explaining why. (For example, if you have never competed in Private Label, you may just state briefly why you do not participate in private label and why you consider the trends in that market not relevant for your firm.) Remember that graphs are an excellent format for condensing complex information into a meaningful format. Be thoughtful about how to best highlight the points of interest for each component of the…Mia is comparing income statements from the previous three years in order to assess changes and trends in the company's revenue. What type of business analysis is being performed by Mia? Select one: a. Information management b. Sales c. Production d. Financial
- Which of the following statements regarding materiality is True? a. In general terms, levels of materiality are set depending on an auditor’s judgements. b. Materiality is determined at the start or planning phase of an audit engagement. It is a component of an audit that remains an unmoving benchmark. c. Common benchmarks that may be appropriate, may be based on levels of reported income in categories such as profit before tax, total revenue, total expenses, gross profit, total equity or net assets. d. Misstatements, including omissions, are considered to be material if they, individually or in aggregate, could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.Directions: Read each statement carefully. In a separate sheet of paper, write TRUE if the statement is correct and FALSE if the statement does not fit the description 1. CRM helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention 2. Customer database information is also used in customer segmentation and profiling 3. An intimate knowledge and understanding of customer needs and wants can lead to ineffective customer service that can result in long-term customer loyalty. 4. Acquiring and keeping customers is the end goal of businesses because customers create demand. 5. Maintaining high levels of customer service quality may be simple due to variability of services. 6. Customer's lifetime value involves activities designed to enhance customer satisfaction, or the perception that a product has met or exceeded expectations. 7. Customer Relationship Management can take on many forms-salesperson assistance, product delivery, technical…Kindly write a reflection on the experience of deciding on the problem on which you are planning to base the research study. Follow Gibb’s Reflective Cycle as a guide in laying out your reflection using the following headings: Description (citations required), Feelings, Evaluation (citations required), Analysis, Text, Conclusion (citations required) Action Plan. The Topic Settled on is the Impact of having a high functioning front office team in the hotel industry.
- Please do not give solution in image format thanku Strategic planning is a process in which an organization's leaders define their vision for the future and identify their organization's goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision. Analyse the concept on strategic planning and different types of planning for organisation.The following is NOT a benefit of Strategic Management a. Resistance to change is reduced b. Reduces gaps/overlaps in activities among employees c. Resources are optimally allocated d. Formulates a clear defect reduction plan in the quality departmentDuring a roundtable meeting, one of your business associates suggests using a survey during the analysis phase/start-up process. Why might you consider doing so? a) To establish business type b) To analyze an income statement c) To influence a competitor d) To determine customer wants/needs