__________ is the key to successful benchmarking.
A) Application
B) Implementation
C) Analysis
D) Strategy
E) Planning

Question

Quizplus · Accepted Answer

The key to successful benchmarking is the analysis of the data gathered. This analysis helps in identifying areas where improvements can be made, setting targets for improvement, and comparing performance against competitors or industry standards. Without proper analysis, benchmarking becomes a mere data collection exercise with no real value. While planning, strategy, implementation, and application are all important aspects of benchmarking, analysis is the key to success.

__________ Is the Key to Successful Benchmarking