Knowee
Questions
Features
Study Tools

Fill in the blank: _______ is a method examining and evaluating how a process works currently in order to get where you want to be in the future.

Question

Fill in the blank:

_______ is a method examining and evaluating how a process works currently in order to get where you want to be in the future.

🧐 Not the exact question you are looking for?Go ask a question

Solution

The term that fills in the blank is "Benchmarking."

Benchmarking is a systematic process used by organizations to measure their performance against best practices from other organizations, typically industry leaders. This method involves assessing current operational processes to identify areas for improvement, setting performance standards, and then strategizing on how to advance towards these standards. It often includes collecting data on process efficiency, customer satisfaction, and quality of output, which serve as reference points for comparison. By systematically evaluating how a process currently operates, businesses can cultivate strategies that align with future objectives and goals, enabling informed decision-making that promotes growth and efficiency. Ultimately, benchmarking helps organizations not only recognize their current position but also map out a path for sustainable improvement and success in their desired direction.

This problem has been solved

Similar Questions

What is a method for examining and evaluating how a process works currently in order to get to an improved future state?

A routine designed to allow the analyst, user, or auditor to verify a process or an area in the new system is refered to a

Differentiate between a program and a process. In what way(s) does the OS manage a process?

The task of assigning processes to the processor or processors over time, in a way that meets system objectives is called

The process by which information is shown by the computer system after processing is termed as _______________

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.