Page 10 - TECOFASH

CHAPTER 2

3.2 What is benchmarking and
why it matters for innovation.

O3-A1: Intergenerational approach and collaborative training guidelines
Benchmarking for Innovation
Benchmarking is the systematic process of comparing an
As a first step partners will develop the methodology for an intergenerational approach as chosen to
deliver the training. The aim of this output is to create long term relationships between an
organization's performance, practices, or processes with those
entrepreneur, responsible for running a retail business and a youth, who will help them introduce
of other top-performing companies in the same industry or
sustainable changes to the business. In order to reach this objective, a framework for the

sectors related. It allows businesses to assess their strengths and
collaboration will be developed. The relationship will be be voluntary and included as such in the
framework but encouraged in order to maximise participation in the training activity and further
weaknesses and identify areas for improvement by learning
apprenticeship programmes. Partners will explore existing suitable frameworks that can be used in
from industry leaders and best practices.
the RETAIL project. In addition, partners will seek involvement of relevant networks to increase the

project scope. For instance, DCC is a member of the Enterprise Europe Network with EASME
Benchmarking provides valuable insights into industry trends,
•
actively encouraging members to collaborate and engage with all relevant EU projects. Partner will
innovations, and successful strategies adopted by top
also explore other relevant programmes such as mobility programmes (Erasmus+, Erasmus for
performers.
young entrepreneurs), etc. From this work, a methodological report will be issued.

• By analyzing these best practices, businesses can adapt and

implement new approaches to enhance their own

performance and stay competitive.