The practice of using data from other organizations to identify the processes and practices associated with world-class performance is referred to as
A)Benchmarking.
B)Dashboarding.
C)Industry flowcharting.
D)Scorecarding.

Question

Quizplus · Accepted Answer

Benchmarking is the practice of comparing and measuring an organization's performance metrics with those of other organizations to identify areas for improvement and best practices. This involves using data from other organizations and industry experts as a reference point for setting goals and targets. Dashboarding, industry flowcharting, and scorecarding are related practices that focus on visualizing and tracking performance data, but they do not involve the use of external benchmarks.

The Practice of Using Data from Other Organizations to Identify