Benchmarking can be defined as
A)examining the best practices of successful organizations and then transplanting them into one's own organization.
B)standardizing a particular process for all organizations.
C)all of the above.
D)none of the above.

Question

Quizplus · Accepted Answer

Benchmarking involves examining the successful practices of other organizations in order to improve one's own processes. It does not necessarily involve standardizing processes across all organizations. Therefore, choice B is incorrect. Choice C includes option A, which is correct, but it also includes option B, which is incorrect. Choice D is incorrect because benchmarking is a well-established concept in management and organizational theory.

Benchmarking Can Be Defined as