Agree to a code of conduct. Test adaptability of practices and enablers. Verify the results of implementation. Key Elements of Benchmarking Focus Insist on a formal methodology. Several such methodologies exist.
Some companies just adopt one, and others customize one to fit their specialized needs.
Insist on strict adherence to the code of conduct. The Benchmarking Code of Conduct was developed by APQC's International Benchmarking Clearinghouse and has become a de facto standard utilized by virtually all benchmarkers worldwide. The code minimizes the risk and establishes the protocol for organizations that share intellectual property. Insist on utilizing a systematic process classification framework. Processes can mean different things to different participants.