Indirect advantages of benchmarking can be beneficial for a business in several ways. They can provide insights into how other businesses operate, which can lead to improvements in efficiency and effectiveness. They can also help identify areas where the business is underperforming and needs to improve. Additionally, they can help the business understand the best practices in the industry and strive to achieve them. Finally, they can help the business set realistic goals and objectives based on what is achievable in the industry.
Comparisons to a top performer or industry leader not only examine the current business performance...
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