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Best Practices

Today's Must Read
Hello and welcome to the D&B Direct API Blog! Here you will find information, tips, and best practices about the D&B Direct API.  You will also hear from our product, technology, and marketing...
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Young Entrepreneur Council
Members of the Young Entrepreneur Council share trends in technology that they will be watching in the new year.
Blog Post
Business BootCamp
A business plan is a road map that helps determine your company's path to profits. From creating a vision to accounting for the unexpected, these hints can help you do it right.
BootCamp Article
Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
A better job market brings a higher risk that employees will jump ship -- and perhaps take proprietary business information along with them.
Blog Post
Susan Wilson Solovic
By  | Filed In: Legal and Finance
Are you sure which of your employees are entitled to overtime compensation? Here's how to reduce your company's exposure to a lawsuit or government audit.
Blog Post
Small business owners can help protect their businesses from employee theft and fraud with the following eight tips.
slideshow
Carol Roth
Too many small-business owners waste valuable networking opportunities. Carol Roth offers five proven tips to make the most of your next networking event.
Blog Post
Michael Seid
By Michael Seid |  Filed In: Franchising
Franchise expert Michael Seid reveals the number one secret to becoming a successful franchisor: Learn how to do it badly.
article
Enid Burns
By  | Filed In: Security and Technology
A study of lost USB storage devices found a host of malware -- and no encryption. That's bad news for anyone who cares about business data security.
Blog Post
AllBusiness News Staff
Senate Repubs block a payroll tax-cut extension by claiming that a related millionaire surtax would hurt job creation. But where's the evidence to support that claim?
Blog Post
Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
The company's privacy violations just won it a new BFF: The Federal Trade Commission. There's also a lesson here for other businesses, big and small.
Blog Post
AB Guest Blogger
By  | Filed In: Staffing & HR
It's ironic that your own employees can be the biggest threat to the future of your business. Help them to do the right thing with these three simple HR initiatives.
Blog Post
Paul Davis
By  | Filed In: Operations
The FBI's InfraGuard program is designed to put a stop to foreign economic espionage, and a growing number of small firms play an active role in the program.
Blog Post
Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
Reflecting on the spirit of the season, the No-Nonsense Lawyer looks at the lessons of the past year and how we can use them to strengthen our businesses.
Blog Post
By Susan Kuchinskas |  Filed In: Retail and Industries
Theft is a year-round problem, but with the holiday shopping season upon us, now is the time to gear up your loss prevention efforts.
article
Filed In: Business Planning and Finance
Your business needs direction, and writing a business plan will provide it. But make sure to include these components -- and avoid a few common mistakes.
slideshow
Marco Carbajo
By  | Filed In: Operations
Almost any business -- no matter how small -- needs to have certain permits to operate legally. Here are the 10 types of permits you're most likely to encounter.
Blog Post
Jonathan Farrington
There is substantial evidence to indicate a direct correlation between continuing education and consistently high achievement.
Blog Post
AB Guest Blogger
By  | Filed In: Going Green and Operations
Want to embark on a green-business strategy? Here's how to ensure that your small business gets off on the right foot.
Blog Post
Nick_Armstrong156px
By  | Filed In: Innovation and Operations
It's not always easy to move past profit as the sole measure of business success. Here's why it's worth making the effort anyway.
Blog Post

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Business Glossary

Definitions for: benchmarking (best practices)
benchmarking (best practices)

the process of searching for new and better procedures by comparing your own procedures to that of the very best. The objective is to measure the key outputs of a business process or function against the best and to analyze the reasons for the performance difference. Benchmarking applies to services and practices as well as to products and is an ongoing systematic process. It entails both quantitative and qualitative measurements that allow both an internal and an external assessment. Process benchmarkingis the process of assessing the quality of key internal processes by comparing them with those of other firms. In results benchmarking, a firm examines the end product or service of another company, focusing on product/service specifications and performance results.

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