What Is the Purpose of Benchmarking

question 88

Multiple Choice

What is the purpose of benchmarking?

• A)to help introduce and manage change
• B)to assess the need for change
• C)to decide on which change to make
• D)to get buy-in on a proposed change
• E)to evaluate the success of a change

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Definitions:

Managerial

Relating to the duties, skills, and tasks of managers involved in planning, organizing, directing, and managing within a business entity.

Technical

Related to the practical application of science and technology in industry or commerce.

Marketing

The business process of identifying, anticipating, and satisfying customers' needs and wants through the creation and exchange of value.

Learning Organization

An organization that prioritizes the continuous learning and development of its members to adapt and innovate.