________ is studying "best practice companies" to improve performance.

Question

Quizplus · Accepted Answer

Benchmarking is the process of studying best practice companies to improve performance, by comparing key metrics and practices against industry standards and top performers. This allows companies to identify areas where they can improve and learn from successful organizations. Empowering, globalizing, flattening, and focusing are all important strategies for improving performance, but they do not directly involve the study of best practice companies.

________ Is Studying "Best Practice Companies" to Improve Performance