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What is the term for the process of measuring an organization's overall performance against other organizations, often from the same industry?
  • a)
    Performance tracking.
  • b)
    External performance measurement.
  • c)
    Benchmarking.
  • d)
    Competitive analysis.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the term for the process of measuring an organization's overal...
The term for the process of measuring an organization's overall performance against other organizations, often from the same industry, is "Benchmarking." Benchmarking allows organizations to assess their performance relative to their competitors and learn from best practices to improve their own operations.
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What is the term for the process of measuring an organization's overall performance against other organizations, often from the same industry?a)Performance tracking.b)External performance measurement.c)Benchmarking.d)Competitive analysis.Correct answer is option 'C'. Can you explain this answer?
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