Examlex
In a TQM program, what is benchmarking? What are the steps of the benchmarking process?
Balanced Scorecard
A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, and measure and monitor progress towards strategic targets.
OCEG Benchmarking
A process used by organizations to compare their GRC (governance, risk management, and compliance) processes and performance with others in the industry, facilitated by the OCEG (Open Compliance and Ethics Group).
Ethics Audit
A systematic evaluation of an organization’s ethical practices and policies, aimed at identifying strengths and areas for improvement.
Independent Party
An entity or individual not affiliated with any of the stakeholders involved in a situation, often used to review, assess, or decide on matters without bias.
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