Industry benchmarks are metrics a company can use to see how they're performing compared to other businesses in their industry. Since business
Industry Benchmarks help provide valuable insights into how your business is performing relative to competitors and the broader industry. Benchmarking helps you identify areas where your business is underperforming compared to industry standards, highlighting opportunities for improvement.
Industry benchmarks are metrics a company can use to see how they're performing compared to other businesses in their industry. Since business largely happens behind closed doors, it's hard to know if your company is performing at a high standard.
Industry benchmarks are quantitative or qualitative measures that reflect the best practices, norms, or averages of a specific industry or market. They can be based on various indicators, such as revenue, profitability, customer satisfaction, innovation, productivity, or sustainability.
Industry taxonomy
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community.
The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries into which S&P has categorized all major public companies.
The system is similar to ICB, a classification structure maintained by FTSE Group.
Industry taxonomy
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community.
The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries into which S&P has categorized all major public companies.
The system is similar to ICB, a classification structure maintained by FTSE Group.