You have been assigned to a team responsible for improving certain processes in your company.The team is considering participating in a benchmarking study as a way to improve the company's performance.
Required:

Define benchmarking and best practice. Also discuss how your company might benefit from benchmarking with an organization outside its industry.

Question

You have been assigned to a team responsible for improving certain processes in your company.The team is considering participating in a benchmarking study as a way to improve the company's performance. 
Required:

Define benchmarking and best practice.  Also discuss how your company might benefit from benchmarking with an organization outside its industry.

Quizplus · Accepted Answer

The Answer of You have been assigned to a team responsible for improving certain processes in your company.The team is considering participating in a benchmarking study as a way to improve the company's performance. 
Required:

Define benchmarking and best practice.  Also discuss how your company might benefit from benchmarking with an organization outside its industry.

You Have Been Assigned to a Team Responsible for Improving