The Process by Which Companies Find Out How Others Do

question 55

Short Answer

The process by which companies find out how others do something better than they do and then try to copy and/or improve it is known as _____.

---

Definitions:

Specialized Systems

Custom or tailored technological systems designed to meet specific requirements or perform unique tasks in various industries or fields.

Needs Analysis

The process of determining and addressing the needs or gaps between current conditions and desired conditions or performances.

Culture

The shared values, beliefs, norms, and practices that characterize a group of people or an organization.

Demographics

Statistical data relating to the population and particular groups within it, often used for market research, policy-making, and understanding societal trends.