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Best Practices Benchmarking® is a powerful tool to gain competitive insight and provides “evidence-based” views of performance throughout product and organization lifecycles. In general, it is the application of what is learned in benchmarking that delivers the marked and impressive results so often noted. We supplement the traditional metrics-focused approach with an analysis of why and how practices produce exceptional results. Many industry leaders and companies use our benchmarking tool to identify the gaps in the process to improve and enhance performance.
There are two primary types of benchmarking:
These can be further distilled as follows:
Benchmarking is #1 most used global management tool, yet most companies fail to use benchmarking to their full advantage. We have developed more than 25 types of benchmarks below to help companies look forward and build winning strategies, tactics and plans
By closely working with the client, Best Practices, LLC can identify improvement opportunities and make recommendations to address each opportunity. Contact us to learn more about how benchmarking can help your business achieve best-in-class performance.
For more information on how we define best practices and our benchmarking research methodology, - See more at: What is a best practice?