Benchmarking Graphics

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Benchmarking Graphics
Tonnis van Dam, Business Consultant, Netherlands, Member
Performing a benchmark basically means comparing your organization with other organizations and acting on the difference. What graphics do you prefer to do the comparison? In industry benchmarking or competitor analysis I prefer the median diagram or extended box plot diagram. This is a diagram in which you see your own performance, the average of the group organizations you are comparing with and the 1st, 2nd and 3rd quartiles of that group. It could also include highest and lowest and 10th and 90st percentile. I prefer the one without the highest and lowest, because both could be due to very specific circumstances. This results in the following diagram (in text): 10% 25% 50% (median) 75% 90% combined with average and your own performance. In an instant you see if you are performing worse than median and average (then you have a real challenge), or worse than median, but better than average (then you have a challenge) or better than median and average (then you still have a chal (...) Read more? Sign up for free

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Benchmarking
Summary
Forum
Benchmarking Graphics
Benchmarking Approaches
🔥History of Benchmarking
Best Practices
🥇Benchmarking Notes of Caution
🥈Best Practices or Next Practices?
🥉Benchmarking for Monopolies?
Conditions for Successful Benchmarking
Benchmarking is One Source of Progress
Airlines Benchmarking
Hospital Benchmarking
Japanese Benchmarking: DANTOTSU
Benchmarking and Quality (ISO 9001)
Advantages Generic Benchmarking
Benchmarking Quotes and Proverbs
The Role of Benchmarking in Production vs. Quality
Upgrade to ISO9001:2015 from ISO9001:2008
Benchmark in Value Chain Analysis
How should I put together a Peer Group?
IT Process Cycle Efficiency Benchmark
The Benefits of Benchmarking
Websites Offering Benchmark Information
What is Benchlearning?
Benchmarking in Sailing
Benchmarking is a Reference Point


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