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Benchmarking helps in setting business goals by identifying performance gaps and strategies to stay competitive. It is a continuous process where procedures are examined and analyzed to deliver improved performances. It allows businesses to seek out the best possible implementation at different stages.
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Benchmarking is more than just identifying gaps in performance and strategies to stay competitive. More importantly, it is not just a "one-time deal" – procedures are continuously examined and analyzed to deliver improved performances. So use benchmarking to seek out the best possible implementation at different stages of your business.
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Comparisons to a top performer or industry leader not only examine the current business performance of your organization, but could also inspire new p...
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