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Best Business Practices: What Is Benchmarking

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The WebSmartIdeas aims to promote and disseminate good creative ideas to improve society.

Benchmarking is the search for those best practices that will lead to superior performance.

It is a positive, proactive, structured process that leads to attaining better performance.

What Does It Achieve?

  1. It enables the best practices to be incorporated into the processes of your own organisation.
  2. It breaks down ingrained reluctance to change, as it has been found that people are more receptive to new ideas that have been tried elsewhere.
  3. It also identifies uses for technological breakthrough not previously tried i.e. bar-coding.
  4. Permits individuals to broaden their knowledge outside their own working environment. It offers an easy avenue to think laterally, to think outside their 'square'.

 

 
 
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