logo share us

Benchmarking

   

Definition: Benchmarking is a systematic approach that allows a company to compare the performance of its organizational processes and activities to best practices. Dimensions typically measured are quality, time and cost.
B. models are useful to determine how well a business unit, division, organization or corporation is doing when it is compared to other similar organizations.


   
   
💡

Learn more about Benchmarking.



More on performance management: Balanced Scorecard, Hawthorne Effect, Management by Objectives, Objectives and Key Results, Performance Management.

You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA.



MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.

We like to keep things short, and provide links to learn more about your subject.


add us to your desktop

Add MBA Brief to your desktop / iPad

   

© 2024 MBA Brief - Last updated: 29-3-2024  -  Privacy   |   Terms