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Benchmarks

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    Gabriel O.
    ML
    Gabriel O.

    Benchmark: also known as yardstick that could be based on comperison. A process of improving some activities within an organisation, firm or company.

    Wendy C.
    AU
    Wendy C.

    Benchmarks or yardsticks include previous reports, budgeted reports, industry averages, reports of similar firms, opportunity cost - the value of the next best alternative

    Harrison A.
    AT
    Harrison A.

    Benchmarking can be seen as the process for improving some activities within an organisation.firms or companies performance is viewed as the benchmark or standed or best practice .

    Harrison A.
    AT
    Harrison A.

    Is benchmarking necessary ?

    Zachary B.
    US
    Zachary B.

    What are benchmarks?

    Babar A.
    PK
    Babar A.

    aahaaaan

    Diamond T.
    US
    Diamond T.

    Benchmarking is a process for improving some activity within an organization. We will illustrate benchmarking with the following example. Company Q has identified one of its activities that needs improvement. The company conducts a search to find another organization that is considered to have mastered the activity. Perhaps it is Corporation J that is recognized as having the best practice for this activity. Corporation J's performance is viewed as the benchmark or standard or best practice. Company Q will study Corporation J's performance and procedures in depth and will identify the differences between the organizations. Company Q will likely modify its procedures in order to bring its performance of the activity up to the level attained by Corporation J.

    Douglas R.
    US
    Douglas R.

    Positive benchmarks are cool.

    Ardian R.
    flag-default-icon
    Ardian R.

    Generally, broad market and market-segment stock and bond indexes are used for this purpose.

    Erick V.
    PE
    Erick V.

    Los puntos de referencia, los puntos de referencia nos permiten tener un sistema comparativo por ejemplo en el ejercicio del año anterior, un punto en referencia importante es la estadística de posicion de los competidores directos

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