- Words: 4736
- Length: 18 Pages
- Topic: Business
- Paper #: 51222700
Benchmarking should not include sensitive data or negative advertising using sensitive data to put down the other company. Confidential information must not be shared without the proper confidentiality contract in place, and confidential information should not be illegally obtained from competitors.
After internal cost disadvantages are found, steps should be made to correct them by revamping the value chain system, moving high cost activities to lower cost areas, implementing cost-saving