Benchmarking can help in identifying immediate actionable items by comparing your business's performance with the standards or best practices from other companies or industries. This comparison can reveal gaps in your processes or performance, which can then be addressed as actionable items. These items could be anything from improving a specific process, adopting a new technology, or changing a business strategy. The key results from your benchmarking can be analyzed and translated into key findings, which can then be used to identify actionable items to act upon immediately or in the long run.
Comparisons to a top performer or industry leader not only examine the current business performance...
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