Question

Benchmarking compares an organization's practices, processes, and products against companies that have failed in the past.

A) True
B) False
C) Partially true
D) Not provided

Answer 1

Benchmarking compares an organization against the best-performing companies, not those that have failed, to enhance performance and adopt best practices, so the answer is B) False.

Step-by-step explanation:

Benchmarking does not traditionally compare an organization's practices, processes, and products against companies that have failed in the past. Instead, benchmarking is a process where an organization compares its practices, processes, and products against industry leaders and the best-performing companies to identify areas where they can improve. The goal of benchmarking is to understand industry standards, gain insight into effective strategies, and adopt best practices to enhance performance and efficiency. Therefore, the correct answer to the question is B) False.