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benchmark |
Also found in: Dictionary/thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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benchmark noun bookmark, critical point, crucial point, crux, essence, essential matter, fundamental part, gist, gravamen, heart, key point, linchpin, main point, material point, milestone, pivotal point, prime issue, salient point, substance, substantive point, turning point How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Benchmarking has been widely used in the business world as well as in the private industry, where managers are looking for better ways to do business by using benchmarking as a management improvement tool. With benchmarking one can define customer requirements, establish effective goals and objectives, develop true measures of productivity, improve competitiveness, and learn from industry best practices. The benchmarking concept, a familiar one to most executives, keeps gaining converts. |
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