1. Is your company committed to continuous learning?
Yes No
2. Do you have a benchmarking program in place?
Yes No
3. Do you understand the benefits of benchmarking?
Yes No
4. Have you identified specific benchmarking objectives?
Yes No
5. Are you aware of available sources, internal and external, to locate information?
Yes No
6. Do you have a system in place to monitor improvement?
Yes No
7. Do you know the right questions to ask, like:
Are you as profitable as other comparable businesses?
Are you spending the same on similar expenses?
Are you generating a comparable rate of return?
Are you compensating key people on a similar basis?
Yes No
8. Do you know which business functions you should benchmark?
Yes No
9. Do you survey your customers regularly?
Yes No
10. Do you know how to adapt and apply information you gather?
Yes No
Results
Total Number of Yes Responses: ________
# Of Yes Responses Rating
9 or 10 Excellent
7 or 8 Good
5 or 6 Fair
4 or less Help!
If you want ideas to improve your score, contact a business analyst at (801) 364-4949.