Benchmarking Graphics

Knowledge Center


New Topic

Tonnis van Dam
Business Consultant, Netherlands

Benchmarking Graphics

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 challenge, but you are on the right side of the group performances and you are one of the better performing organizations, but you could still learn a lot and have a large improvement potential.
That is what's most visible in the median diagram: your improvement potential.
What graphs do you prefer to see in a benchmark report... Why?

Start a new forum topic


More on Benchmarking
Japanese Benchmarking: DANTOTSU
Advantages Generic Benchmarking
Benchmarking Quotes and Proverbs
Benchmarking Graphics
The Role of Benchmarking in Production vs. Quality
Upgrade to ISO9001:2015 from ISO9001:2008
Benchmark in Value Chain Analysis
🔥History of Benchmarking
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 Approaches
Benchmarking in Sailing
Benchmarking is a Reference Point
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
Benchmarking and Quality (ISO 9001)
Special Interest Group

Are you interested in Benchmarking? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:

Knowledge Center

About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 21-4-2021. All names of their owners.