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Home > QFINANCE Dictionary > Definition of internal benchmarking

Definition of

internal benchmarking

General Management

benchmark within same industry a method of comparing one operating unit or function with another within the same industry.

Related definitions of "internal benchmarking"

internal benchmarking - Related Articles
  • What Is Benchmarking?

    Checklists

    industries. Alternatively, internal benchmarking can compare common activities across the different divisions of an organization.

  • Everything You Need to Know About Benchmarking

    Best Practice

    Performance benchmarking describes the comparison of performance data obtained by studying similar processes or activities. Comparisons of performance may be undertaken between companies, or internally within an organization. It is useful for identifying strengths and opportunities for improvement
    By Robin Mann

  • Optimizing Internal Audit

    Best Practice

    at least once every five years. The benchmark to be used is the Standards of The IIA. These Standards represent the approach to internal auditing that should be followed if an organization is to obtain optimum value from its investment in internal audit. Internal audit maturity frameworks are now being
    By Andrew Chambers

  • Total Quality Management and Internal Auditing

    Best Practice

    Monitoring the quality of internal control systems as part of good governance should always include benchmarking to the TQM principles and standards mentioned earlier.
    By Jeffrey Ridley

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Definitions of ’internal benchmarking’ and meaning of ’internal benchmarking’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’internal benchmarking’ and other financial terms with our online QFINANCE Financial Dictionary.

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