Benchmarking can help in examining the current business performance of an organization by providing a standard or point of reference against which the organization's performance can be measured. It allows the organization to identify areas where it is performing well and areas where improvement is needed. By comparing the organization's performance with the benchmarks, it can identify gaps in performance and develop strategies to close those gaps. Furthermore, benchmarking can also provide insights into industry best practices and trends, which can be used to drive continuous improvement and innovation.
Comparisons to a top performer or industry leader not only examine the current business performance...
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