Benchmarking involves openly learning how others do something better than one's own company so that one not only can imitate,but perhaps even improve on their current techniques.

Question

Quizplus · Accepted Answer

Benchmarking involves learning and adopting best practices from other companies in order to improve one's own performance. This can include both imitating and innovating upon these practices.

Benchmarking Involves Openly Learning How Others Do Something Better Than