Name: |
Benchmarking
|
Acronym: | |
Type: |
Glossary Item |
Definition:
A process for measuring “best practice” performance and comparing the results to corporate performance in order to identify opportunities for improvement. The comparison to "best practice", often called a GAP analysis, leads to a prioritized array of optimizing changes directed to gaining "best practice" levels of effectiveness.
Add Comment:
Please Login to leave a comment.