Benchmarking can help in assessing the current business performance by providing a standard or point of reference against which things may be compared or assessed. It allows businesses to measure their performance against others in the same industry, identify areas where they are underperforming, and develop strategies to improve. By comparing key results from benchmarking, businesses can translate these results into key findings and identify actionable items to act upon immediately or in the long run.
Comparisons to a top performer or industry leader not only examine the current business performance...
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