Benchmarking can be either competitive or best practice in orientation.

Name: Benchmarking can be either competitive or best practice in orientation.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Benchmarking can be oriented towards competitive benchmarking, where a company compares its processes and performance metrics to industry bests or direct competitors, or towards best practice benchmarking, where the company focuses on comparing its operations against those considered to be industry leaders or best in class, regardless of the sector.

Benchmarking Can Be Either Competitive or Best Practice in Orientation