You can benchmark your performance by using past performance metrics as a measure. You should try to beat each of your past performance appraisals.
By Benchmark
Investors use an index as a point of reference to compare how well their investments are doing. For example, an investor holding individual common stocks can compare his performance to a wide based benchmark index such as the S&P 500. An investor can also benchmark one index against another to compare relative performance of a specific stock market sector. For example, a benchmark index for gold can be compared to a benchmark index for oil or real estate to evaluate the relative performance return of each sector.
A Market Benchmark is a comparative average used when comparing the performance or volatility of a specific financial instrument. The benchmark used will vary depending on the instrument you're comparing. For example, when looking at the relative performance of stocks, you could use a stock index as the benchmark, such as the S&P500 or the Dow Jones Industrial Average. You could also use a Sector Index (such as the Banking Index) if comparing a bank stock. The benchmark shows you how all instruments included in the index faired on average. You can then use that as a comparison. For example, if the benchmark index made 10% per annum, and the stock you're comparing made 20% per annum, you could say that the stock out-performed the benchmark 2 to1.
A Benchmark test is an evaluation of an instance of a procedure indicating the common outcome and performance characteristics expected.
A performance index is a measurement tool business owners and managers use to evaluate business operations. These indices can usually be applied to the entire company, specific divisions or departments and individual managers or employees. Business owners and managers often use performance management techniques to ensure their company is operating at an acceptable level. A performance index can also create a benchmark measurement for business operations. Benchmark measurements compare one company's performance information to another company's information.
You just used the word "benchmark" in that sentence..O.o
baseline basis for comparison; a reference point against which other things canbe evaluated benchmark Standard by which something can be measured or judged:
Benchmark is the term for using a set of conditions to measure the performance of hardware in your network.
a benchmark test for a computer is a system of tests designed to push your system to the limit. it then gives you a rating of system performance, such as clock speeds, FPS, and data transfer rates
for math you use 0 1 or 1half
It means that business has not perform upto banchmark performance and either company has less sales or more expenses due to which profit margin is less then market benchmark rate.
Is whereby an objective or goal is set and then a strategy is put into action to accomplish that objective or goal. Formal planning helps the management and the organization set a benchmark through which they use to measure their performance.