Benchmarking plays a crucial role in strategic planning as it allows an organization to compare its processes and performance metrics to industry leaders or best practices from other industries. This comparison can help identify areas for improvement and potential growth, and provide a clear picture of where the organization stands in relation to its competitors. It can also help in setting performance goals and finding innovative methods to meet those goals.
Comparisons to a top performer or industry leader not only examine the current business performance...
Download template