What Is Benchmarking and Why Is It a Strategically Important

question 154

Short Answer

What is benchmarking and why is it a strategically important analytical tool?

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Definitions:

Self-determination

The right or ability of individuals or groups to make their own choices and control their own lives.

Job Characteristics Model

Five core dimensions of jobs: skill variety, task identity, task significance, autonomy, and feedback

Skill Variety

The degree to which a job requires a range of different skills and talents to perform tasks effectively.

Job Characteristics Model

A theory that proposes that any job can be described in terms of five core job dimensions: skill variety, task identity, task significance, autonomy, and feedback, which impact three critical psychological states, leading to enhanced work outcomes.