Asked by Erick Varela on May 03, 2024
Verified
Which term below defines organizational comparisons?
A) accreditation
B) benchmarking
C) cost-benefit analysis
D) performance evaluations
Organizational Comparisons
Involves analyzing and evaluating one organization against another to understand performance differences, strengths, weaknesses, or effectiveness in various areas.
Benchmarking
The process of comparing business processes and performance metrics to industry bests and best practices from other companies.
Performance Evaluations
A process used by organizations to assess and review an employee's job performance and productivity over a specific period.
- Distinguish between different types of benchmarking and their purposes.
Verified Answer
Learning Objectives
- Distinguish between different types of benchmarking and their purposes.
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