Benchmarking Is Used to Improve an IT System Performance

question 74

True/False

Benchmarking is used to improve an IT system performance.

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Definitions:

Cash Cow

A business, product, or asset that consistently generates significant amounts of cash flow, often requiring little investment to maintain.

Strategy and Structure

Refers to the alignment of an organization's strategic goals with its structural design to enhance efficiency, effectiveness, and competitive advantage.

Culture and Execution

How the shared values, beliefs, and practices within an organization influence its ability to implement strategies effectively.

Focused Strategy

A business approach where a company targets a specific niche or segment of the market, concentrating its efforts and resources to serve that segment to the exclusion of others.