Answer :
All of the above, EXCEPT using data sources from different sectors, are part of benchmarking a process.
Benchmarking is the process of comparing a company's policies, practices, products, and processes to those of other companies or to industry standards. All of the following are involved in benchmarking a process: gathering and analyzing data for comparison; identifying performance variations; identifying the causes of those variations; and incorporating benchmarks into performance scorecards. The benchmarking procedure is not too difficult. All that is required to make such a procedure successful is a little information and some practical experience. Business executives can utilize the benchmarking process to compare certain organizational components to those of competing businesses.The Benchmarking Methodology A five-step cycle called "health and safety benchmarking" aims to guarantee ongoing progress.
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