Benchmarking is a process used by companies that want to compare and improve their performance. Rather than just comparing data from your own business to others in the same sector, the statistics can be used to improve processes and ultimately, improve profits. Identifying areas which need improvement can reduce Read more
Category Archives: Benchmarking
Benefits of company benchmarking
Comparing your company against others in the same sector and of a similar structure and size can help you to improve the performance of the business. Benchmarking is the use of information and statistics to compare and highlight any issues Read more
Benchmarking your way to success
Benchmarking is a method used to discover areas of your company that may be improved. Often, by comparing your own business with competitors, you can see where improvements to your performance can be made. You can also use benchmarking to compare the business when it first started to its current position, to see how you have Read more
Three aspects of your firm that can be analysed in benchmarking
An essential area of modern business, the benchmarking process allows companies to compare their operations against those of other firms working within the same industry, providing a means of improving performance and, ultimately, Read more
Sowing the seeds of success through benchmarking
Benchmarking is something that large businesses have been using for many years in order to shape direction, reduce costs, drive profits and grow a business. Increasingly, small firms are taking much the same approach, with outsourced accountancy service providers helping them Read more