A business analyst wants to use benchmarking, but the project manager recommends against the approach. There are, as the project manager points out, several disadvantages to benchmarking. Which one of the following is not a disadvantage to benchmarking?
Benchmarking allows businesses to gain insights by observing and adopting successful practices from other organizations, which can lead to the discovery of new and effective approaches. Other disadvantages include time consumption, the necessity of having expertise in the field to carry out the study, and the potential to limit innovation by focusing only on existing methods rather than developing new, unique solutions. Therefore, the discovery of new approaches is not a disadvantage of benchmarking.
Discovery of new approaches