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Author Question: Benchmarking is not about trying to achieve another company's metrics, but about (Read 45 times)

haydenjmcm

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on: Feb 5, 2023

Question 1

The practice of using data from other organizations to identify the processes and practices associated with world-class performance is referred to as
◦ industry flowcharting.
◦ benchmarking.
◦ dashboarding.
◦ scorecarding.

Question 2

Benchmarking is not about trying to achieve another company's metrics, but about
◦ outdoing the other company in profit and reputation.
◦ trying to outperform the other company in its best practices areas.
◦ replicating the successful practices that lead to their outstanding metrics.
◦ maintaining internal processes and customer relations to stay competitive with other companies in the industry.
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Marked as best answer by haydenjmcm on Feb 5, 2023

hvhf4k+549qz8f218jyo@shar

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Reply #1 on: Feb 5, 2023
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haydenjmcm

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Reply 2 on: Feb 5, 2023
Excellent

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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