Why Benchmarking Might Not Be Helpful For Your Business
Understanding Benchmarking: Processes and Limitations Benchmarking is a common practice for organizations aiming to improve performance by comparing key metrics with industry leaders. Typically, it involves identifying top-performing competitors, collecting their KPIs, and trying to replicate their strategies. The core idea is straightforward: do what your best rivals do, and you’ll close the performance gap. … Read more
