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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.

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