Yes, benchmarking can be used when you are proposing a research and development

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Yes, benchmarking can be used when you are proposing a research and development product. Benchmarking is a method where companies evaluate their nature of work with other companies in the same field of business and they lay down certain type of yardstick of working. New products and services are the means of support of all businesses. It is a common practice and sensible exercise to establish baselines, define best practices, identify improvement opportunities and create a competitive environment within the organization. It helps companies in:

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Can benchmarking be used when you are proposing a research & development product?

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