How Does Benchmarking Work?
The purpose of benchmarking is to enhance your management practices and to adapt the successful practices of others to fit your organization's needs. Benchmarking is an ongoing process. Once you have the new and improved systems in place it is necessary to re-evaluate them from time to time to ensure they still produce the best products and services.
Organizations of all sizes can benefit from benchmarking, and it is especially useful for small to medium sized organizations. Smaller development offices benefit because benchmarking can help them avoid reinventing the wheel. By examining the standards and practices of industry leaders, these organizations can adapt them to suit their needs. Although benchmarking can be an expensive proposition, most organizations find that it is well worth it.
Do you know how your fundraising performance compares to your peers? Do you find that you don't use the same types of metrics or speak the same language as your board, CEO or CFO to evaluate performance?
AHP's Performance Benchmarking Service provides resources and tools to help you achieve your fundraising goals and to better integrate philanthropy into your health care organization's strategic plan.
Transforming basic financial and program data into useful information isn't easy, but the AHP Performance Benchmarking Service is designed to help. This database allows for timely comparisons with peer institutions of your choice. It's fast, user friendly, graphically appealing, and the best way to organize and present key comparative data in a form your CEO, CFO and board can understand and use. |