Question

In japan benchmarking is practiced through what is called

Answer 1

Answer:

Benchmarking is the practice of comparing business processes and performance.

Benchmarking is used to measure performance using a specific indicator (cost per unit of measure.

Answer 2

Answer:

This is a type of benchmarking that most of us do unconsciously at work and in our home life. We constantly compare and learn from the behavior and practices of others – whether it is how to use a software program, how to cook a better meal, or play our favorite sport. In the context of work, most learning from informal benchmarking comes from the following:

• Talking to work colleagues and learning from their experience (coffee breaks and team meetings are a great place to network and learn from others).  

• Consulting with experts (for example, business consultants who have experience of implementing a particular process or activity in many business environments.

• Networking with other people from other organisations at conferences, seminars, and Internet forums.