Defining a proper metric for performance comparison is important in benchmarking.

Defining a proper metric for performance comparison is important in benchmarking. Correct Answer True

Defining a proper metric for performance comparison is important in benchmarking. The target value must be what the best-in-class achieves. Then, organization compares its performance with the target value.

Related Questions

Sana wanted to compare her students' performance after completion of present term with respect to Historical understanding. After analysing their documents related to history activities and assignments and their records of class work, she found that Ashu's performance level is higher during the term than that of Beena. Karim's performance is lower than that of Dharm. Beena's performance is of lower level than Karim's and Ashu's performance level is higher than Mike. Which of the following statement based on above information is incorrect? 
In which form of benchmarking is comparison of a business process done with a similar process within the organization?
In which form of benchmarking is direct comparison with competitor done of a product, service, process or method?
In which form of benchmarking is comparison of similar or identical practices within same or immediate industry is done?
Which of the following is not a type of comparison made through strategic benchmarking?