Benchmarking

The key component of a successful business is the resourcing of up to date market information. At Stewart, Tracy & Mylon we have access to leading Industry benchmark statistics. Industry Benchmarking provides essential information on the industry within which your business operates, and provides a vital tool for measuring and planning for the growth of your market share.

 

A competitor analysis and comparison can be undertaken to establish how your business is placed within the current market. It also allows for strategies to be developed to cement and develop this standing within the industry. Key performance indicators of the industry can be highlighted and used to illustrate areas of weakness and strength within your business.

 

By utilising this information effective strategies can be developed to overcome your weaknesses and enhance your strengths. The areas of focus include gross profit, personnel productivity, expense optimisation and asset management.