Which of the following is the process of measuring your organizational process against the best in the industry?
A) Outsourcing
B) Continuous improvement
C) Environmental analysis
D) Benchmarking
E) Competitive measurement

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing your organization or its processes against the best in the industry or in other organizations. It helps in identifying the best practices and opportunities for improvement. Outsourcing is a strategic decision to involve external vendors to perform tasks that were previously done in-house. Continuous improvement is an ongoing effort to improve processes, products or services, and systems. Environmental analysis is the process of assessing internal and external factors that impact an organization's performance. Competitive measurement is a process of comparing an organization's performance against its competitors.

Which of the Following Is the Process of Measuring Your