Examlex
Which of the following best defines a high-performance work system?
Major Components
The primary or most important parts that make up a system, structure, or entity.
Benchmarking
The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.
External Comparisons
External Comparisons involve evaluating an organization's performance, practices, or conditions against those of other organizations, often within the same industry, to gauge relative performance, identify best practices, and highlight areas for improvement.
Internal Benchmarking
The practice of comparing an organization's processes and performance metrics to its own operations or departments over time.
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