Benchmark

Benchmark is the standard of excellence against which to measure and compare.

Definitions

According to Management by Robbins and Coulter (14th edition),

Benchmark. The standard of excellence against which to measure and compare.

According to Managing Quality by Foster (6th edition),

Benchmark. An organization that is recognized for its exemplary operational performance in one or more areas and is willing to allow others to view its operations and tour its facilities.