benchmarking
Meaning
the process of comparing one's business processes and performance metrics to industry bests and best practices from other companies (মানদণ্ড স্থাপন করা)
Pronunciation
বেন্চমার্কিং (bēnchmārking)
Synonyms
evaluation, comparison, assessment, analysis, review, survey, standardization, criteria
Synonyms
The evaluation of company performance was thorough.
A comparison between products helped make the best choice.
The assessment revealed areas for improvement.
The analysis of the data was complex.
A review of the policies helped streamline operations.
Conducting a survey helped gather valuable feedback.
Standardization of practices can lead to improved efficiency.
The criteria for success were clearly defined.
Antonyms
Neglecting performance measures can lead to poor outcomes.
Disregard for data can hinder progress.
Indifference to competition can lead to failure.
Failure to adapt can be disastrous.
Ignorance of best practices can limit growth.
Inactivity can result in missed opportunities.
Stagnation occurs when benchmarks are ignored.
Apathy towards improvements can lead to decline.
Phrases
Industry benchmarking is crucial for staying competitive.
Performance benchmarking helps identify strengths and weaknesses.
The benchmarking process requires careful analysis.
Best practice benchmarking is foundational for growth.
The benchmarking analysis revealed valuable insights.