Why is Benchmarking Important?

Answer

Benchmarking is important because it allows you to learn from other companies in your industry. A company can learn how to improve their company by learning from other companies experiences. You can find out more information here: www.coastal.edu
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1 Additional Answer
Benchmarking is important because it allows a company to see where they are and make the necessary adjustments to improve over all performance. This is a good way to pinpoint problems in an company and fix them right away.
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