Types of Benchmarking

Benchmarking could be of different categories. It depends on the organizations to see, that type of benchmarking is the most useful for them. The different categories of benchmarking can widely be classified as follows

1. Strategic Benchmarking

2. Performance or competitive Benchmarking

3. Process Benchmarking

4. Functional Benchmarking

5. Internal Benchmarking

6. External Benchmarking

7. International Benchmarking

The description of different types is given in Table.

                                            Table: Types of Benchmarking