Question

Which term compares an organization’s processes with the best practices to be found in its industry or others? – Personal

Benchmark
Value proposition
Performance
Bias

Answer 1

Answer: Benchmark

Explanation: Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

Answer 2

The term that compares an organization's processes with the best practices to be found in its industry or others is benchmark. Benchmarking involves comparing an organization's performance metrics, processes, and practices against those of other organizations, with the aim of identifying areas for improvement and implementing best practices. By benchmarking against the best practices in the industry or other similar organizations, an organization can identify its strengths and weaknesses and take steps to improve its performance and competitiveness.