As an Amazon Associate I earn from qualifying purchases.

What is Benchmark in Strategic Management? PDF | Download eBooks

Learn Benchmark definition in strategic management with explanation to study “What is Benchmark”. Study benchmark explanation with strategic management terms to review strategic management course for online MBA programs.

Benchmark Definition

  • Standard of excellence against which to measure and compare.

    Management by Stephen P. Robbins, Mary A. Coulter



Benchmark Explanation

In figuring, a benchmark is the demonstration of running a PC program, a lot of projects, or different activities, so as to evaluate the general execution of an article, typically by running various standard tests and preliminaries against it. The term benchmark is additionally normally used for the reasons for extravagantly planned benchmarking programs themselves. Benchmarking is typically connected with evaluating execution attributes of PC equipment, for instance, the gliding point activity execution of a CPU, yet there are conditions when the procedure is likewise material to programming. Programming benchmarks are, for instance, keep running against compilers or database the executives frameworks (DBMS). Benchmarks give a strategy for looking at the presentation of different subsystems crosswise over various chip/framework models.

Keep Learning Strategic Management Explanations

What is Organizational Change?

Organizational change is both the procedure where an association changes its structure, methodologies, operational techniques, advancements, or authoritative culture to ...

What is Active Listening?

Undivided attention is system that is utilized in advising, preparing, and understanding questions or clashes. It necessitates that the audience ...

What is Balanced Scorecard?

A fair scorecard is an exhibition metric utilized in vital administration to recognize and improve different inward elements of a ...

What is Human Resource Planning?

Human resource planning (HRP) is the persistent procedure of orderly preparing to accomplish ideal utilization of an association's most significant ...

What is Organic Organization?

Organic structure is portrayed by a very level announcing structure inside an association. In this association, the range of control ...

What is Feasibility Study?

A feasibility study is an evaluation of the common sense of a proposed task or framework. A possibility study intends ...