The Improvement Process in Which an Organization Measures Its Strategies

question 6

Short Answer

The improvement process in which an organization measures its strategies, operations, or internal process performance against that of best-in-class organizations within or outside its industry determines how those organizations achieved their performance levels, and uses that information to improve its own performance is known as _____.

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Definitions:

Appraiser's Evaluation

An assessment or estimation of the value of a property or item, conducted by a qualified appraiser.

Substandard

Falling below the usual or required standard, often used to describe products or services that do not meet the expected level of quality.

Lapse of Time

The expiration of a period specified by statute, contract, or agreement after which legal rights may no longer be enforced or claims made.

Substantially More Burdensome

A term referring to contract modifications or conditions that significantly increase the obligations of one party beyond what was initially agreed upon.