Take advantage of benchmarking and best practices information resources to help you set the bar in your industry. Use best practice resources to help you determine who is the best, who sets the standard, and what exactly that best standard entails.
Use best practice resources to help you determine how you are doing in business. How does your sales team stack up to others? How is your company doing in customer services? How efficient is your team? Whatever the standard is, also use benchmarking resources to see how you qualify for what the set standards are.
To make the most of the available information about best practices:
1. Start with general information about best practices. Understand the definition of benchmarking and the process itself.
2. Consider joining an association to secure additional benchmarking resources.
3. You can also think about hiring a service provider to help you measure your best practice information.
Look for basic information about best practicesBegin by looking for benchmarking resources that cover the basics in best practice information. Look at definition of terms, and don't proceed until you understand the main concept and its ancillary terms.
Sloan Work and Family Research Network offers an in-depth, comprehensive definition of benchmarking.
Become a part of a benchmarking association for best practice informationUse your membership to a paid or free association to obtain additional benchmarking resources for your business.
Secure benchmarking resources from professionalsConsider hiring a professional service provider to walk you through the process of benchmarking and provide you the information about best practices that you need.
- Also consider benchmarking publications like magazines and journals for additional best practice information. These publications can help you stay up to date in industry information as well as track your competitors and other vendors that you do business with.