{"appState":{"pageLoadApiCallsStatus":true},"articleState":{"article":{"headers":{"creationTime":"2016-03-26T18:15:58+00:00","modifiedTime":"2022-08-16T19:21:34+00:00","timestamp":"2022-09-14T18:19:55+00:00"},"data":{"breadcrumbs":[{"name":"Business, Careers, & Money","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34224"},"slug":"business-careers-money","categoryId":34224},{"name":"Business","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34225"},"slug":"business","categoryId":34225},{"name":"Strategic Planning","_links":{"self":"https://dummies-api.dummies.com/v2/categories/34254"},"slug":"strategic-planning","categoryId":34254}],"title":"Strategic Planning: Benchmark Your Place in the Pack","strippedTitle":"strategic planning: benchmark your place in the pack","slug":"strategic-planning-benchmark-your-place-in-the-pack","canonicalUrl":"","seo":{"metaDescription":"In strategic planning, b enchmarks are surveys and assessments that help determine how well your company performs compared to other companies in your industry o","noIndex":0,"noFollow":0},"content":"In strategic planning, <i>b</i><i>enchmarks</i> are surveys and assessments that help determine how well your company performs compared to other companies in your industry or business size. Following are just a handful of benchmarking tools available:\r\n<ul class=\"level-one\">\r\n \t<li>\r\n<p class=\"first-para\"><b>BizStats:</b> Visit <a href=\"https://bizstats.com\" target=\"_blank\" rel=\"noopener\">the BizStats website</a> for instant access to useful financial ratios, business statistics, and benchmarks. BizStats has effective and understandable analysis of businesses and industries. You can benchmark a business in five seconds for free.</p>\r\n</li>\r\n \t<li>\r\n<p class=\"first-para\"><b>BizMiner:</b> Check out <a href=\"https://bizminer.com\" target=\"_blank\" rel=\"noopener\">BizMiner</a> to produce a granular industry statistical report for your industry. The site offers industry financial analysis benchmarks for more than 5,000 lines of business and industry market trends on thousands more. 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Strategic Planning: Benchmark Your Place in the Pack

By: Erica Olsen and

Updated: 08-16-2022

From The Book: Strategic Planning Kit For Dummies

Strategic Planning Kit For Dummies

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Explore Book Buy On Amazon

In strategic planning, benchmarks are surveys and assessments that help determine how well your company performs compared to other companies in your industry or business size. Following are just a handful of benchmarking tools available:

BizStats: Visit the BizStats website for instant access to useful financial ratios, business statistics, and benchmarks. BizStats has effective and understandable analysis of businesses and industries. You can benchmark a business in five seconds for free.
BizMiner: Check out BizMiner to produce a granular industry statistical report for your industry. The site offers industry financial analysis benchmarks for more than 5,000 lines of business and industry market trends on thousands more. Report access requires an affordable subscription fee.
Fintel: This organization has both free and paid access to a financial benchmarking database of privately-held companies. Two products to help your benchmarking include an industry metric report and a business scorecard. For more information, check it out their website.

About This Article

This article is from the book:

Strategic Planning Kit For Dummies ,

About the book author:

Erica Olsen is cofounder and COO of M3 Planning, Inc., a firm dedicated to developing and executing strategy. M3 provides consulting and facilitation services, as well as hosts products and tools such as MyStrategicPlan for leaders with big ideas who want to empower and focus their teams to achieve them.

This article can be found in the category:

Strategic Planning ,