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The key elements to consider when benchmarking include identifying performance gaps, analyzing strategies to stay competitive, and continuously examining and analyzing procedures to deliver improved performances. It's also important to use benchmarking to seek out the best possible implementation at different stages of your business.
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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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