Internal Benchmarking is the process of comparing performance metrics within different departments or units of the same organization. This method helps identify best practices and areas for improvement by analyzing how various teams achieve their goals. By using internal data, companies can set realistic performance standards based on their own capabilities. This approach allows organizations to leverage their existing resources and knowledge, fostering a culture of continuous improvement. Internal Benchmarking can lead to enhanced efficiency, better resource allocation, and increased employee engagement as teams learn from each other’s successes and challenges.