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VOL. 8, ISSUE 3 (2026)
Benchmarking: Finding and implementing the best business practices in the organisation
Authors
Jitendra Kumar Giri
Abstract
Benchmarking is a strategy tool of comparison. It is used to compare the
performance of the business processes and products of a company with that of
the best performances of other companies inside and outside the industry which
the company is a part of. Managers use the tool to identify the best practices
in other companies and apply those practices to their own processes in order to
improve the company's performance. Improving company's performance is, without
a doubt, the most important gool of benchmarking. It is the continuous process
of enlisting the best practices in the world for the process, goals and
objectives leading to world-class levels of achievement.
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Pages:77-79
How to cite this article:
Jitendra Kumar Giri "Benchmarking: Finding and implementing the best business practices in the organisation". International Journal of Finance and Commerce, Vol 8, Issue 3, 2026, Pages 77-79
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