The Practice of Comparing a Company with Its Prior Performance

question 131

Multiple Choice

The practice of comparing a company with its prior performance or with best practices from other companies is called ________.

• A) benchmarking
• B) competitive analysis
• C) differentiation analysis
• D) budgeting

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Definitions:

Internal Recruitment

The process of filling job vacancies within a company by promoting or transferring existing employees, rather than hiring new ones from outside.

HR Planning

The process of forecasting an organization's future human resource needs and determining how to meet those needs.

Talent Bench

Talent Bench refers to a pool of high-potential employees within an organization who are ready to fill key positions as they become available.

External Hiring

The process of filling job vacancies within a company by recruiting candidates from outside the organization, as opposed to promoting existing employees.