What is Performance Benchmarking ?

It is the most difficult process to optimize since it entails learning about competitors' performance measurements and procedures, as well as making adjustments to lower-level processes inside your company. 

In every firm, introducing new procedures is a difficult task since it needs buy-in from many different levels. 

Performance benchmarking may reveal insights that would be difficult to execute in an organization without a long-term transformation strategy. 

These may also be the most effective and profitable improvements for a business.