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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. |
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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.
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