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what are the difference between Internal and External Benchmarking ? please type all the difference that...


what are the difference between Internal and External Benchmarking ?
please type all the difference that you know.

Business   Operations-Management   
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Answer #1

Internal Benchmarking:

  • The benchmarking is done for an internal project
  • It is usually considered as a starting point for the quantitative process examination
  • It is less useful than the external benchmarking
  • It is used to compare the performance of different departments within the company
  • It involves the internal data analysis for the benchmarking

External Benchmarking:

  • It is done for an external project got from the customers
  • The process involves the external data analysis
  • It is more useful than the internal benchmarking as it covers the different external factors of the business
  • It is used to compare the performance of a company with the other players in the market
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