Benchmarking – the process of comparing your performance with competitors – is evolving rapidly! Historically, businesses would exclusively measure and compare financial and operational performance. E.g. The multiple ATO industry sector benchmarks.
New Normal – People, Planet and Profit
The competitive environment has been turned on its head! Bushfires, Co-VID 19 along with other significant digital transformation (new business models) now means businesses measure more metrics to stay competitive.
In addition, marked changes in consumer expectations, rigid investment community screening and supply chain concerns has shed the light on the lack of Environmental, Social and Governance (ESG) benchmarking data.
With this new paradigm in mind Digital Benchmark has developed an industry first benchmarking approach
About the Data and Approach
- Leadership, governance and management programs measured and compared
- Financial data and operational dimensions securely captured, measured and compared
- Diversity and cultural data points collected and analysed
- Broader strategic approaches and planning programs are measured
- Growth metrics, especially digital, is now a business imperative
These elements are scored, benchmarked and displayed back to our benchmark participants, enabling them to identify business critical gaps across all the mentioned business dimensions. Check out the Digital Benchmark dashboards for Businesses Managers and Advisors
Does your company performance truly reflect what you are doing in these areas and can you improve? Get started on Digital Benchmark today and make it part of your routine !
