Benchmarking can be used to brainstorm the best implementations by comparing your company's practices and performance with those of industry leaders. By identifying the areas where the leading company excels, you can gain insights into potential improvements that could be incorporated into your own organization's practices. This process can stimulate creative thinking and generate new ideas for enhancing your company's performance and competitiveness.
Comparisons to a top performer or industry leader not only examine the current business performance...
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