The process by which an organization compares its own practices to those of the competition is called
.

Question

The process by which an organization compares its own practices to those of the competition is called 
.

BlackTom AI · Accepted Answer

The question asks for the term describing the process in which an organization compares its own practices to those of its competitors.
Since the provided answer is benchmarking, we can explain why this term fits: benchmarking is the systematic process of comparing an organization's processes, performance metrics, products, or practices against those of leading competitors or industry leaders to identify gaps and opportunities for improvement.
One might think about other possibilities like competitive analysis or best practice comparison, but benchmarking specifically emphasizes measurement against external standards or peers to drive performance enhancements rather than only acquiring competitive intelligence or summarizing practices.
Given the fill-in-the-blank format and the single provided option, this term aligns with the well-established managerial concept intended by the prompt.
In a practical sense, benchmarking typically involves selecting key performance indicators, collecting data from competitors or industry benchmarks, analyzing gaps, and then implementing changes to reach or exceed those external standards.

The process by which an organization compares its own practices to those of the competition is called .

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