What Is Benchmarking, and How Is It Useful to a Company

question 104

Essay

What is benchmarking, and how is it useful to a company?

---

Definitions:

Social Networking Site

An online platform that allows users to create a public profile and interact with other users on the website.

Teleconferences

A meeting conducted over the telephone or through a digital platform allowing multiple participants to discuss and collaborate remotely.

Virtual Meetings

Meetings conducted over the internet using video conferencing tools, allowing participants to communicate from different locations.

Shared Workspaces

Collaborative environments where individuals can work together physically or virtually on projects or tasks.