A pharmaceutical company may go to an organization in a completely different industry such as aerospace to learn project management skills in the process known as Blank______.Multiple choice question.copyright infringementcompetingbenchmarkingpatent infringement
Question
A pharmaceutical company may go to an organization in a completely different industry such as aerospace to learn project management skills in the process known as Blank______.Multiple choice question.copyright infringementcompetingbenchmarkingpatent infringement
Solution
The correct answer is "benchmarking". This process involves comparing one's business processes and performance metrics to industry bests or best practices from other industries. In this case, the pharmaceutical company is learning from the project management skills of an aerospace company.
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