Benchmarking
Benchmarking is a highly effective means of measuring progress and comparing this measured progress with others, whether it is other regions, industries, companies or countries. Benchmarking can help identify areas of performance deficits, suggest areas of good and bad performance, and can suggest means of improving competitive performance.
International benchmarking has increased in importance in recent years due to globalisation breaking down previously established barriers to competition, therefore increasing the global market space for many and generating a climate of intense international competition. Similarly, regional benchmarking has become increasingly relevant as regions are gaining new fiscal and regulatory powers, granting them more leeway in developing policies and practices.
Benchmarking reports illustrating Glasgow’s economic performance relative to that of other countries and regions are accessible from this page.