At its simplest, benchmarking helps you compare statistics and control costs. By comparing your business activities to others in your field, it helps question key decisions, identifies opportunities for improvement and can give you the motivation to implement change.
The sad news about HMV going into administration this week has left many people pointing the finger. Who really is to blame for the demise of this once so popular store? There are a number of factors which have accumulated to HMV’s downfall, some more prominent than others, but all factors combined together have left HMV with no place left to turn.