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Long-term actionable items from benchmarking could include strategic changes in business processes, implementation of new technologies, or development of new products or services. These actions are based on the key findings from the benchmarking analysis, which may reveal areas where the business can improve or innovate to gain a competitive advantage.
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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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Compare the direct and indirect advantages of benchmarking. And use the knowledge to assess whether benchmarking could be a useful practice for your business. (Slide 5) A benchmarking timeline allows you to plot activities to benchmark, their duration, and progress across an editable timeframe. (Slide 7) Use a table to display key results from your benchmarking. Analyze how these results can be translated into key findings. And identify actionable items to act upon immediately or in the long run. (Slide 14)
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