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Can Benchmarking Help My Business?

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Everyone is always trying to keep score.  In business we generally use sales and profits as the most basic indicator of how a business is doing. If these indicators are up, we are happy, negative the opposite.  But how do we get even better if we are up or how do we attack the problem if the company is down?  Benchmarking is a good answer.  You can benchmark your business internally, versus other businesses in your industry as well as versus other business outside your industry.  The benchmark information will give you the clues you need. 

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Written by John Marrinan

October 5th, 2009 at 10:44 pm