Thursday, 27 August 2015

Cima E3 Exam Question No 28

Question No 28:

Bench marking Process?

The process

  • Selecting what you want to benchmark
  • Consider benefits against the cost of doing it
  • Assign responsibilities to a team
  • Identify potential partners/known leaders
  • Breakdown processes to complete
  • Test and measure e.g. observation, experimentation or investigation/interview
  • Gather information
  • Gap analysis
  • Implement changes/programmer/communicate
  • Monitor and control
  • Repeat regularly   

Thursday, 20 August 2015

Cima E3 Exam Question No 27

Question No 27:

 How many Types of benchmarking?

  • Internal
  • Best practice or functional
  • Competitive
  • Strategic

Wednesday, 12 August 2015

Cima E3 Exam Question No 26

Question No 26:

What is Bench marking Definition?

A continuous, systematic process for evaluating the products, services and work processes of an organization that are recognized as representing best practice, for the purpose of organizational improvement.

Thursday, 6 August 2015

Cima E3 Exam Question No 25

Question No 25:

What is Position audit?

A position audit is a systematic assessment of the current strengths and weaknesses
of an organization and is a prerequisite for strategic planning and implementation.

  • Resources
  • Products, brands and markets
  • Operating systems
  • Internal organization
  • Current Results
  • Returns to equity and debt holders