Benchmarking can be used to compare with top performers or industry leaders by identifying the key activities and processes they excel in. By comparing these with your own business, you can identify areas for improvement and set goals to reach or surpass these benchmarks. This can be done through a benchmarking timeline, which allows you to plot these activities, their duration, and progress. Additionally, the results from your benchmarking can be analyzed and translated into key findings, which can then be used to identify actionable items to improve your business in the short or long term.
Comparisons to a top performer or industry leader not only examine the current business performance...
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