Describe how benchmark data may be utilized to reduce the occurrence of industrial disasters.
Provide some specific examples to illustrate your response.© BrainMass Inc. brainmass.com October 2, 2020, 2:12 am ad1c9bdddf
Benchmarking: Toward Crisis Management
Benchmarking is one of the tools by which companies gather information that they would utilize to further improve their operations. The data gathered in the process is used as inputs in coming up with decisions. According to Robbins ad Coulter (2002), benchmarking is the search for the best practices among competitors or non-competitors that lead to their superior performance.
In knowing the best practices of others, lessons would be learned on ...
This solution discusses how benchmark data may be utilized to reduce the occurrence of industrial disasters.