______ is the process of comparing management processes and performance metrics to best practices.

A) strategic planning
B) benchmarking
C) risk analysis
D) business process reengineering

Benchmarking involves comparing an organization's management processes and performance metrics to industry best practices in order to identify areas for improvement. Strategic planning involves setting long-term objectives and creating a plan of action to achieve them. Risk analysis involves identifying and assessing potential risks to a business. Business process reengineering involves completely rethinking and redesigning an organization's processes to improve efficiency and effectiveness.