Compare two financial benchmarking techniques. In your opinion, which is more effective? Explain the rationale for your opinion.
Ex...competitive and cooperative benchmarking
The most difficult benchmarking type is Competitive benchmarking. This form of benchmarking is measuring the performance, products, and services of an organization against its direct or indirect competitors in its own industry (Boxwell, 1994).
This is not an easy job because you will be dealing with ...
This solution compares competitive and cooperative benchmarking.
Budget Management Analysis
- compare several expense results with budget expectations and describe possible reason for variances and strategies to keep results aligned with expectations
-describe benchmarking techniques that support avoidance of budget variances and justifies choices of techniques for this purpose.View Full Posting Details