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Industry benchmarks are set by a number of associations and cover each type of company operating within the events sector; in turn, these associations often have an educational arm.
Evaluate operating performance relative to competitors and industry benchmarks.
You can also use publicly available industry benchmarks.
The plan worked: the average wait fell to eight minutes, well within industry benchmarks.
So they look to industry benchmarks as a way of determining appropriate spending levels.
They gathered data on company stock prices and compared the returns to industry benchmarks.
According to industry benchmarks, lenders lose as much as 40 to 60percentt in foreclosure.
"Hedge fund industry returns continued to lag popular financial industry benchmarks," Charles Biderman, founder of TrimTabs, said in a statement.
Advertising revenue and circulation, two industry benchmarks, have come under tremendous pressure in the last few years.
Both are successful because they have matched their spending levels to those strategies not to industry benchmarks.
Compare your managerial spans — the average number of direct reports per supervisor with industry benchmarks, and adjust your structure accordingly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com