Examlex
Which of the following statements is NOT true about the theory of constraints (TOC) ?
Process Benchmarking
The process of assessing business methods and performance statistics by benchmarking them against the best practices in the industry or those adopted by other companies.
Industry Benchmarking
The process of comparing a company's performance metrics with those of the leaders in its industry to identify areas for improvement.
Balanced Scorecard
The Balanced Scorecard is a strategic planning and management system that uses financial and non-financial performance metrics to monitor and improve an organization’s performance.
Strategic Objectives
Long-term goals set by a business to guide its direction and decision-making processes, aiming to achieve competitive advantage.
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