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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Nicole Smith-FarinaJun 23, 2024
Final Answer :
True
Explanation :
Benchmarking involves comparing an organization's performance to other organizations with similar processes and practices. By identifying best practices and setting standards based on them, benchmarking can help organizations set challenging goals and improve their performance.