Benchmarking 1
Benchmarking 1 : (also Best Practice Benchmarking or Process Benchmarking) is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice, usually within their own sector or industry. This allows organizations to develop plans for adopting and adapting such best practice for increasing their performance. Benchmarking is considered a continuous process in which organizations should continually seek to challenge and improve their practices
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