Benchmarking Compares a Company's Current Performance Against Its Own Previous

question 44

True/False

Benchmarking compares a company's current performance against its own previous performance whereas bookmarking compares a company's current performance against that of its competitors.

Recognize how organizational designs are influenced by technologies, according to Thompson's classifications.

Comprehend the criteria and considerations in formulating organizational design and structure.

Understand the relationship between environmental richness and organizational survival.

Grasp the impact of environmental uncertainty and volatility on different organizational designs and sizes.

---

Definitions:

Profits

The financial surplus remaining after all expenses have been deducted from total revenue, indicative of the financial health and success of a business.

McWorld

McWorld is a term coined by Benjamin Barber to describe the global homogenization of culture, values, and economic interests propelled by capitalism and technological advancements.

Jihad

In Islam, a term that broadly refers to the spiritual struggle against sin. It can also denote a physical struggle or fight against the enemies of Islam, though interpretations vary widely.

Benjamin Barber

A political theorist known for his work on democracy and capitalism, including the influential book "Jihad vs. McWorld" that examines the conflict between tribalism and globalism.