The process of assessing how well one company's basic functions and skills compare to those of another company or set of companies is called

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Benchmarking is the process of comparing one company's functions and skills with those of other companies. It helps companies identify areas where they need to improve and adopt best practices from other companies. Comparative analysis may be a part of benchmarking, but it is not the process of assessing how well one company's basic functions and skills compare to those of another company. Strategic planning and operational planning are processes for setting goals and defining actions to achieve them. Lean Six Sigma is a methodology for continuous improvement in processes.

The Process of Assessing How Well One Company's Basic Functions