Benchmarking

October 19, 2013.


Benchmarking examples

The figures below show example results from The Evidence Network’s benchmarking product. Each chart incorporates data from over 2,000 companies and each bar is derived from a program assessment.

Two programs have been identified in the charts below. The first, X Services, shown in yellow, offers advisory services. The second, Y Services and funding, shown in dark blue, offers both advisory services and funding.

Not surprisingly, the program that offers both services and funding has a greater average impact on both the revenues and employment of client companies than the program that offers services only. Findings such as these indicate specific areas of performance improvement for our clients and support evidence based programming decisions.

Benchmark of Average Impact on Annual Revenues

Benchmark of Average Impact on Annual Revenues

Benchmark of Average Impact on Employment

Benchmark of Average Impact on Employment

The following two charts weight the average impact by the number of companies served. When this additional information is taken into account the ranking of X Services improves considerably, while Y Services and funding improves in terms of impact on employment but falls one rank in terms of impact on revenues.

For the X Services organization these findings suggest that having a smaller impact on a larger number of clients can lead to important impacts on the economy by increasing revenues and employment in the communities served. Information such as this is useful for presentation to stakeholders and funding bodies as it shows the impact of the X Services organization in comparison to their peers, including those that provide funding to their clients.

Benchmark of A

Benchmark of Average Impact on Revenue * Number of Companies Served

Benchmark of A-1

Benchmark of Average Impact on Employment * Number of Companies Served

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“TEN’s approach to impact assessment is a significant advance on past approaches employed here at Tekes and elsewhere.”

Dr. Raine Hermans

Director, Strategic Intelligence, Tekes