Question
The knowledge gained from benchmarking can be used in several ways. Firstly, it can be used to compare the direct and indirect advantages of benchmarking, helping to assess whether it could be a useful practice for your business. Secondly, a benchmarking timeline can be created to plot activities to benchmark, their duration, and progress across an editable timeframe. Lastly, a table can be used to display key results from your benchmarking, allowing for analysis of how these results can be translated into key findings and identification of actionable items to act upon immediately or in the long run.
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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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