Our powerful Benchmark Index tools benefit each and every business that uses them. Collectively however, an invaluable resulting asset is the rich dataset generated which provides real time impact assessment for supply chain, sector, cluster or geographical SME support programmes. Below are just some of the ways that the data can be used.
To measure impact, you first have to baseline current performance. Benchmark Index allows a snapshot of performance to be taken, before any support is given.
The benchmark or diagnostic allows an adviser to work with a business to determine those strategies and projects that will have the most significant impact on performance.
Benchmarking is not a one-off exercise. When the process is repeated, it not only shows impact and distance moved, but also determines what’s working and what isn’t, providing a foundation to evolve future plans and strategies.
Within the database, we can compare the performance of businesses that have received assistance through a support programme with a peer group of external enterprises, allowing the impact of a programme or initiative to be objectively measured.
At any point, the database can be analysed to look at the performance of supported businesses (in aggregate) and comparisons made between intervention types (grants versus consulting support versus skills development for example) to improve programme management and decision making.
"Benchmark Index continues to drive international competitiveness and is the cornerstone of enterprise development and productivity improvement"
Prof. Holger Kohl, Director Division Corporate Management, IPK Fraunhofer
"Enterprise Ireland has been using Benchmark Index tools to support economic development for over 20 years. It's helped to drive a variety of agendas, including increased productivity, lean take up, Brexit preparedness and business growth. The international best practice comparison aspect has been particularly invaluable."
Jan Gallagher, Lean-Operational Excellence Advisor, Enterprise Ireland
"I've used the Australian version of Benchmark Index with over 200 SMEs from numerous sectors as part of the national Entrepreneurs Programme. I'd strongly recommend this powerful tool. It's s fantastic at getting under the skin of business performance and practices, essential for developing effective plans for future business success"
Mal Clark, Business Adviser, AusIndustry
"Benchmark Index continues to play an important role in diagnosing and identifying the priority areas for business improvement"
Lee Baines, National Manager - Director and Programme Support, Entrpreneurs Programme
"Benchmark Index has helped us to understand the competitiveness of our businesses and asses the impact of economic conditions and business support initiatives"
Paulius Lukauskas, Enterprise Lithuania, Managing Director
"Benchmark Index is being employed in the retail sector to drive increased productivity through improved people skills"
John Browning, Head of Projects and Services, The National Skills Academy - Retail