company compares practices processes products worlds organization

When a company compares its practices processes and products against the worlds best organization it is?

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What is the process of comparing a firm's practices and technologies with those of other organizations?

Benchmarking is the process of comparing your own organization, its operations or processes against other organizations in your industry or in the broader marketplace. Benchmarking can be applied against any product, process, function or approach in business.

What is an inverted organization quizlet?

Inverted organization. An organization that has contact people at the top and the chief executive officer at the bottom of the organization chart. Organizational (or corporate) culture. Widely shared values within an organization that provide unity and cooperation to achieve common goals.

What determines the degree of decentralization of a firm?

Answer: Some important factors determining decentralization are: The size and complexity of the organization. Dispersal of operations. Degree of diversification.

What is an advantage of a line organization in a large business?

Economical and effective. It also allows quick decisions and efficient coordination. Conforms to the scalar principle of organization. Further, it promotes the unity of command.

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When a company performs a particular competitively important activity truly well in comparison to its rivals it is said to have?
A company with significant assets and activities in multiple countries is known as a(n) ________.

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