WHY You Should Always BENCHMARK PERFORMANCE
Personal Development
By Kay Fitzgerald
Last Updated November 24, 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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