Creating a blueprint by looking at the paths taken by organizations similar to the one whose plan you are developing is known as which of the following?
A) benchmarking
B) best practices
C) baselining
D) due diligence

Question

Quizplus · Accepted Answer

Benchmarking involves studying the methods and performance of other organizations in order to identify the best techniques and practices. This information is then used to create a blueprint that can guide the development of a new plan or strategy. Best practices may be one of the elements considered during benchmarking, but they are not the same thing as benchmarking itself. Baselining refers to the process of establishing a starting point or baseline for measuring progress over time, while due diligence involves conducting a thorough investigation and analysis of a potential investment or business opportunity.

Creating a Blueprint by Looking at the Paths Taken by Organizations