Want to say benchmarking differently? Here are other words for benchmarking and its similar synonyms and opposite words to say in unique way.
Meaning of benchmarking
The primary meaning of "benchmarking" is the process of evaluating and comparing something, especially a business or organization, with a standard or a leader in the field.
Etymology of benchmarking
The word "benchmarking" originated in the mid-20th century, derived from the noun "benchmark," which refers to a standard or point of reference used for evaluation or comparison.
The term "benchmark" itself has its roots in the 19th century, when it referred to a marked point of reference on a surveyor's bench.
Over time, the term "benchmarking" evolved to encompass a broader range of applications, including business, quality control, and performance evaluation.
Synonyms
Definitions
- The process of evaluating and comparing something, especially a business or organization, with a standard or a leader in the field.
- * The act of measuring the quality or performance of something by comparing it with a standard or a model.
Usage Examples
- The company engaged in benchmarking to identify areas for improvement and optimize its operations.
- * Benchmarking with industry leaders helped the organization to refine its strategies and enhance its competitiveness.