Benchmarking can help in developing new opportunities for growth by allowing businesses to compare their performance with others in the industry. This comparison can reveal areas where the business is underperforming, which can then be targeted for improvement. Additionally, benchmarking can highlight areas where the business is outperforming others, which can be leveraged for further growth. It can also reveal industry trends and best practices that the business can adopt to improve its performance and competitiveness.
Comparisons to a top performer or industry leader not only examine the current business performance...
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