Which of the following would a company employ to measure and compare its business processes to similar processes of other companies within their industry?
A)Benchmarking
B)Best practices
C)Value chain analysis
D)Strategic systems analysis
E)Secondary activities

Question

Quizplus · Accepted Answer

Benchmarking is the process of measuring and comparing an organization's business processes to similar processes of other companies within the same industry. It helps the company to identify areas where improvements can be made and learn from the best practices of other successful organizations. Best practices, value chain analysis, strategic systems analysis, and secondary activities are all related concepts but are not specifically used for measuring and comparing business processes to those of other companies.

Which of the Following Would a Company Employ to Measure