Benchmarking is considered an important component of the strategic planning process. Which of the following statements best represents its purpose?
A)Benchmarking is the continual process of measuring services and practices against the toughest competitors in the health care industry.
B)Benchmarking is the continual process of measuring services and practices against the goals set by the committee.
C)Benchmarking is the continual process of measuring services and practices against the mission of the organization.
D)Benchmarking is the continual process of measuring services and practices against scope of the organization.

Question

Quizplus · Accepted Answer

Benchmarking is the process of measuring an organization's performance against the top competitors in the industry or market. This helps organizations identify areas where they need to improve and learn from best practices of others. Therefore, option A is the correct statement regarding the purpose of benchmarking.

Benchmarking Is Considered an Important Component of the Strategic Planning