WHY You Should Always BENCHMARK PERFORMANCE

Personal Development

By Kay Fitzgerald
Last Updated December 23, 2020

Do you ever get tired off of long explanations when you just need the important facts?

Is there a secret to why companies should be benchmarking performance?

If you want to make an impact, you need to know about the main things that drive companies to benchmark performance.

Let's discover the main reasons and drivers to why you should benchmark performance.

In our opinion, there are only two acceptable reasons chy a company will benchmark performance:

Survival of the company.
Improvements will benefit the
company.

Benchmark?

Why

And, two unacceptable reasons:

1. It's a fad - so let's do it.
2. Let's just see what happen!!

Benchmark?

Why

We find that the main drivers include:
- Strategic Factors
- Technology Advances
- Continuous Impovement
- Competitive Conditions
- Supply Chain Influences
- Internal Factors

Key Drivers

In truth, the reasons need to be well-defined, justifiable, supported, business-driven, and communicated.

Ultimately, The Reasons Must Be

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