Professional Documents
Culture Documents
1. Process Benchmarking
Appropriate
The advantage of process benchmarking is an improvement in services of the organization
which can be compared to the market leader.
2. Performance Benchmarking
Appropriate
The competitors might provide misleading information which would not help to improve the
processes in any way.
3. Strategic Benchmarking
Used when businesses need to improve overall performance, strategic benchmarking
examines the long-term strategies and general approaches that have enabled high-
performers to succeed.
It involves considering high level aspects such as core competencies, developing new
products and services, and improving capabilities for dealing with changes in the external
environment.
Changes resulting from this type of benchmarking may be difficult to implement and take
a long time to materialize.
Appropriate
An important challenge with strategic benchmarking is that even a little deviation or a small
error could affect the entire organization in an adverse way. For Startups, this is one of the
popular Types of Benchmarking.