English · Work & Business
benchmarking
/ˈbɛntʃˌmɑːr.kɪŋ/
[/ˈbɛntʃˌmɑːr.kɪŋ/]
comparing against standards
Advancednoun
Definition
The practice of comparing performance against a standard or against competitors.
Example
Benchmarking against industry leaders revealed where the company's service was falling short.
Benchmarking against industry leaders revealed where the company's service was falling short.
Etymology
Gerund of 'benchmark', from surveyors' reference marks.
How & Where It’s Used
Used in business management and performance analysis.