Asked by Kiranjeet Badesha on Jun 16, 2024
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Benchmarking is good for setting challenging organizational standards.
Benchmarking
The practice of comparing business processes and performance metrics to industry bests or best practices from other industries to improve performance.
Organizational Standards
Predetermined levels of excellence that an organization seeks to achieve in its operations, products, and services, typically through the implementation of rules, guidelines, and procedures.
- Absorb the details and significance of controlling systems used in organizations.
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Learning Objectives
- Absorb the details and significance of controlling systems used in organizations.
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