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Benchmark Data and the Occurrence of Industrial Disasters

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Describe how benchmark data may be utilized to reduce the occurrence of industrial disasters.

Provide some specific examples to illustrate your response.

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This solution discusses how benchmark data may be utilized to reduce the occurrence of industrial disasters.

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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 ...

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Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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