strategic benchmarking

Strategic benchmarking is the process of comparing an organization’s key practices, strategies, or performance metrics with those of industry leaders or best-in-class companies. The goal is to identify areas where improvements can be made by learning from the successes of others. This approach helps organizations understand how they can adapt effective strategies to achieve better results, stay competitive, and foster continuous growth. Essentially, it's a tool for gaining insights from top performers to inform strategic decision-making and drive long-term success.