What is Benchmarking

"Benchmarking is the process of measuring an organization's

internal processes then identifying, understanding, and
adapting outstanding practices from other organizations
considered to be best.”
One of the biggest mistakes organizations make when first
benchmarking is that they limit their benchmarking activity to
their own industry. Benchmarking within your industry is
essential. However, you should reach outside and above your
own industry into other industries that perform a similar
process but perform this process extremely well in order to
succeed.

By Benchmarking you will discover:

Who performs the business process very well and has process
practices that are adaptable to your own organization
Who is the most compatible for you to benchmark with.
Example:
F1 speed race tyre change
Automatization
Recruitment proces by agencies