Benchmarking can inspire several possibilities for improvements. It can help identify best practices in the industry that your business can adopt. It can also highlight areas where your business is underperforming, providing a clear direction for improvement. Furthermore, benchmarking can reveal trends and changes in the industry, allowing your business to adapt and stay competitive. Lastly, it can help in setting realistic goals and objectives based on what is achievable and what competitors are doing.
Comparisons to a top performer or industry leader not only examine the current business performance...
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