Strategic Planning

What is Benchmarking?

Benchmarking is a technique in which a company measures its performance against that of best in class companies, determines how those companies achieved their performance levels and uses the information to improve its own performance. Subjects that can be benchmarked include strategies, operations and processes.

What are the benefits of the Benchmarking?

  • Understand the company performance relative to close competitors
  • Compare performance between product lines/business units in the company
  • Hold people more responsible for their performance
  • identify areas for improvement

How We Can Help you ?

  • Identify problem areas.
  • Identify other industries that have similar processes
  • Identify organizations that are leaders in these areas
  • Survey companies for measures and practices
  • Visit the “best practice” companies to identify leading edge practices
  • Implement new and improved business practices