Benchmarking can be used in different industries to compare and measure their performance against other companies within the same industry. This can help identify areas for improvement and increase competitiveness. It can also provide insights into industry best practices that can be incorporated into their own operations.
This question was asked on the following presentation:
Comparisons to a top performer or industry leader not only examine the current business performance of your organization, but could also inspire new p...
Go to dashboard to download stunning resources
DownloadText this question was asked on:
The simplest form of benchmarking compares yourself to an industry leader and its most outstanding capabilities. This diagram visualizes that concept: the transparent part of the "our company" sphere implies capabilities that we're missing out on. The top portion of the "leading company" sphere represents the improvement potential that can be incorporated into your own organization's practices. (Slide 2)