Benchmarking
Compare organisational performance to other organisations and industries
Type
Domain
Competency Area
Business Development and Strategy Management
Levels
Identify factors that affect business performance
Identify business processes and performance internally
Compare business processes and performance metrics to industry best standards
Compare business processes and performance metrics to best practices from other industries
Measure business performance benchmarks
Identify world-class performance levels
Identify best practices in key business processes
Determine the drivers of superior performance
Measure performance between different groups or teams within an organisation
Assess competitors’ future trends and strategies
Analyse benchmark data to assess competitors
Review future outlook of competitor firms systematically to determine the impact of benchmarked processes
Prioritise opportunities for improvement relative to other organisations