What your perfomance could be about...
Benchmarking is a process of evaluating the performance of a product, process, or organization against a recognized standard, commonly referred to as "Benchmark."
Various KPI's like e.g. industry standards, best practice, or a competitor's performance may be subject of benchmarking activities. The purpose of benchmarking is to identify areas for improvement and to measure progress over time towards best practices. It is a continuous improvement tool that helps organizations to stay competitive and relevant by comparing their performance to others in the same field.
Benchmarking may be also carried out on a project basis to compile a snapshot of the relative competitive positioning.
DNU - Association Services in its role as trustee elaborates reliable “Collaborative Benchmarks” under strict discretion.
Types of Benchmarks:
Relevant benchmarks between companies can vary depending on the industry and specific goals of the organization. However, some commonly used benchmarks include:
It is important to note that relevant benchmarks differ from one industry to another. DNU supports you in choosing relevant and meaningful benchmark criteria that are most appropriate for your business.
