Asked by Kiranjeet Badesha on Jun 16, 2024
Verified
Benchmarking is good for setting challenging organizational standards.
Benchmarking
The practice of comparing business processes and performance metrics to industry bests or best practices from other industries to improve performance.
Organizational Standards
Predetermined levels of excellence that an organization seeks to achieve in its operations, products, and services, typically through the implementation of rules, guidelines, and procedures.
- Absorb the details and significance of controlling systems used in organizations.
Verified Answer
Learning Objectives
- Absorb the details and significance of controlling systems used in organizations.
Related questions
Examples of Control Subsystems Are Policies and Procedures
The Four Elements in a Crisis Management Program Are Anticipate ...
One of the Three Basic Components Common to All Organizational ...
The Hallmarks of an Effective Crisis Management Team Are Quick ...
Internal Auditors Should Be Overseen by the Head of the ...