Benchmarking

1-1-NNN

Benchmarking (also "best practice benchmarks" or "process benchmarking") is a process used in management and particularly strategic management, in which stakeholders evaluate various aspects of their processes in relation to best practice, usually within their own sector. (Originate: G1052)

Please note that this is the term as it stands in the original IALA Dictionary edition (1970-1989)