Capnos Inc.,an insurance company incurred losses of about $100 million.To analyze its losses and to overcome them,the company began comparing its own practices against those of its successful competitors.In this scenario,which of the following procedures is adopted by Capnos?

Question

Quizplus · Accepted Answer

To compete for talent, organizations use benchmarking, a procedure in which an organization compares its own practices against those of successful competitors.