Explain benchmarking, Accounting Basics

Benchmarking

A process by which a company reassesses its established business practices by comparing them with the best practices of other organizations.  This process is designed to give a manager with an understanding of how the best performing company performs same activities and processes. By studying the best practices of other organizations, the target is to identify actions that develop a rigid performance.

Posted Date: 10/15/2012 2:38:36 AM | Location : United States







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