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How does your company stack up?
Benchmarking is a way of discovering if your best performance is being achieved. This information can be used to identify gaps in your organization’s processes in order to achieve an advantage in your operations and against your competitors. Greenlight advisers help you discover the power of benchmarked data.
Competitive benchmarking is used when a company wants to evaluate its results compared to past performance or compared to competitors within their own industry. In addition, competitive benchmarking is used when a company needs to identify standard industry performance targets. When compared to peers or competitors, external benchmarking can help you identify weaknesses that will help your company catch up to the competition that may be outperforming you. In addition, it helps your management team and workforce become more accepting of new ideas and influences.
Benchmarks can allow you to:
Gain an independent perspective on how well you perform compared to other companies.
Drill down into performance gaps to identify areas for improvement.
Develop a standardized set of processes and metrics.
Enable a mindset and culture of continuous improvement.
Set performance expectations.