The process of comparing an organization's practices and technologies to those of other companies is known as
A)benchmarking.
B)scanning.
C)situational analysis.
D)technological auditing.
E)strategic maneuvering.

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing an organization's practices and technologies to those of other companies in order to identify areas for improvement and best practices to adopt. Scanning involves monitoring the environment for changes and trends, situational analysis is a broad term that refers to assessing the current state of the organization and its surroundings, technological auditing involves evaluating an organization's technology and information systems, and strategic maneuvering refers to the process of developing and implementing a strategy. Of these options, benchmarking is the most appropriate choice for the given question.

The Process of Comparing an Organization's Practices and Technologies to Those