Benchmarking is defined "as the continuous, systematic process of measuring ones output and/or work processes against the toughest competitors or those recognized best in the industry." Benchmarking is an approach of setting goals and measuring productivity based on best industry practices. Benchmarking helps in improving performance by learning from best practices and the processes by which they are achieved. Learn [...]
Authority means a special permission which is obtained by a person from his higher officer and on the basis of that a person gets the rights to do the work in the organisation. It is positional and comes with the territory. It is key to managerial functions. No any person can perform his duties with full responsibility, without authority. Authority [...]
A multinational corporation (MNC) or transnational corporation (TNC), also called multinational enterprise (MNE), is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred as an international corporation. MNCs will always look out for opportunities. They carry out risk analysis, and send their personnel to learn and understand the [...]