The word benchmark was first used in the surveying sense in the 1830s, and in the figurative sense in the 1880s. Related words are benchmarks, benchmarked, benchmarking. Benchmark is also used as a verb to mean to compare something with a standard. A benchmark test may be used to assess the performance of a person, company or institution, but is especially useful when measuring the performance of software. Statistics and tracking may improve efficiency. This database includes data on foreign direct investment (FDI) into and out of OECD countries according to the Benchmark definition, 3rd edition (BMD3). Marketers can compare data against their competitors to identify areas of strength and where targeted improvement is needed, especially areas such as: Brand. He may establish new benchmarks and implement an operational framework with strategies to analyze and optimize work product. Marketing benchmarking is the measurement of how a company, brand or product is performing, either compared to competitors or against best practices in the market. Sometimes a consultant may be called in for evaluation of a business or organization. A reference standard or basis for comparison that serves as a definition of a norm. A criterion of quality or service in health care, usually expressed as a measurable standard. Strategic monitoring in most industries affords insight into ways to seek optimization of the employees’ capabilities, or to see improvements in compliance. TheFreeDictionary Google benchmark Also found in: Dictionary, Thesaurus, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia. Benchmarks are a way to measure one’s effectiveness, whether one adheres to best practices, to assess one’s productivity or reliability, or to evaluate whether a system or enterprise is achieving excellence. A benchmark is usually of a high standard or is an example of a high performance, to generate a point of reference for improvement in the workforce or in the operating system. However, most often the word benchmark is used figuratively to mean a standard by which all other things may be compared. Benchmark may still be used to mean a surveyor’s mark used to make an accurate measurement of elevation. The word benchmark was originally rendered as two words, bench mark, to describe a mark that was cut into a building or wall horizontally, so that the worker could lay a leveling rod on this horizontal bench in order to make measurements accurately. The literal meaning of the word benchmark is a cut made by a surveyor in a building or wall in order to measure elevation. We will examine both the literal and figurative meanings of the word benchmark, where it came from and some examples of its use in sentences. Benchmark is a word that began with a literal meaning, but has come to also have a figurative meaning. Find 7 ways to say BENCHMARK, along with antonyms, related words, and example sentences at.
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