Benchmarking key activities can be even more important in not-for-profit/non-profit (NFP)organizations than it is for businesses seeking to make a profit.

Question

Quizplus · Accepted Answer

In NFP organizations, benchmarking can help improve efficiency, effectiveness, and demonstrate accountability to stakeholders. It can also help in identifying best practices and areas where improvements can be made for achieving the desired outcomes. Therefore, benchmarking is crucial for NFP organizations to deliver the services they aim to provide.

Benchmarking Key Activities Can Be Even More Important in Not-For-Profit/non-Profit