Asked by Kristie Smith on Apr 25, 2024
Benchmarking enhances organizational performance by establishing standards against which processes,products,and performance can be compared and improved.
Benchmarking
The practice of comparing business processes and performance metrics to industry bests or best practices from other companies to improve performance.
Organizational Performance
The analysis of a company's ability to achieve its goals and objectives.
Standards
Established norms or requirements in technical systems, usually formalized by a standards organization.
- Recognize the importance and methods of benchmarking in improving organizational performance.
Learning Objectives
- Recognize the importance and methods of benchmarking in improving organizational performance.
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