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What Is Benchmarking? |
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Answer» BENCHMARKING is the process of comparing business processes and performance METRICS to industry bests and/or BEST practices from other industries. Benchmarking is a performance improvement tool which provides an opportunity to:
Benchmarking can be done either formally or informally. Formal benchmarking is a systematic approach used to compare an organisation’s performance with the top performers in their field. The Towards Maturity Benchmark is the only free, independent and confidential formal benchmark available to learning and development professionals. Benchmarking is the process of comparing business processes and performance metrics to industry bests and/or best practices from other industries. Benchmarking is a performance improvement tool which provides an opportunity to: Benchmarking can be done either formally or informally. Formal benchmarking is a systematic approach used to compare an organisation’s performance with the top performers in their field. The Towards Maturity Benchmark is the only free, independent and confidential formal benchmark available to learning and development professionals. |
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