Comparing an organization's practices, processes, and products against the world's best is called .

The process of comparing an organization's practices, processes, and products against the world's best is called Benchmarking.

Here are the steps involved in Benchmarking:

1. Identify what is to be benchmarked: The first step is to identify what needs to be improved. This could be a process, a product, or even a service.

2. Identify who is the best: The next step is to identify who does it the best. This could be a company in the same industry or even a company in a different industry.

3. Study the best practices: Once the best has been identified, the next step is to study their practices. This could involve visiting their facilities, studying their processes, or even interviewing their employees.

4. Analyze the gap: After studying the best practices, the next step is to analyze the gap between the current practices and the best practices. This could involve identifying what needs to be improved and how much it needs to be improved.

5. Implement the best practices: The final step is to implement the best practices. This could involve making changes to the processes, training the employees, or even changing the product.

6. Monitor the results: After implementing the changes, it is important to monitor the results to see if the changes are having the desired effect. If not, further changes may be needed.