Benchmarking Is Done to Determine What Other Organizations Are Doing

question 36

True/False

Benchmarking is done to determine what other organizations are doing well and planning on incorporating those good ideas into one's own organization.

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Definitions:

Innovation

The act of implementing novel concepts, techniques, or goods to enhance productivity, efficiency, or gain a competitive edge.

Compatibility

The degree to which two or more systems, processes, or entities can work together without conflict or alteration.

Diffusion

The process by which an innovation, idea, or trend spreads through a population or social system.

Innovation

The act of introducing something new, such as an idea, method, or device, intended to enhance efficiency, effectiveness, or pleasure.