What is Process Benchmarking
This form of benchmarking allows you to see how your processes stack up against others present in your industry.
You can enhance your procedures and make them more productive and cost-effective by looking at other firms in the sector.
What is Strategic Benchmarking
Strategic benchmarking, like process benchmarking, is all about using competitors’ strategies to improve certain aspects of your organization.
Strategic benchmarking is concerned with strategy and how to develop one that will help you get to the top in your industry.
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