An organization's attempts to measure its own performance against that of the most successful competitors in its industry is called:

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing an organization's performance metrics to those of its competitors or industry leaders, in order to identify opportunities for improvement and best practices. This allows organizations to gain insights into their own strengths and weaknesses and work towards improving their performance. Competitive advantage refers to a company's ability to outperform its rivals in a particular industry. Talent pipeline refers to the process of identifying and developing future leaders within an organization. Intrapreneurship involves encouraging employees within a company to develop new ideas and products, similar to an entrepreneur.

An Organization's Attempts to Measure Its Own Performance Against That