Benchmarking

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The standard measure of wealth is GDP per capita. The chart below shows that Americans have been getting continually wealthier for decades, with a few blips here and there (source of data). The measure of wealth—Gross Domestic Product, is based on the dollar value of economic transactions.

So what is really going on in the Eurozone? We decided to consolidate all the data from Eurostat, OECD, IMF, Worldbank and some other data resources and visualized all the key data. All numbers are in Euro’s.

Visit the Eurozone dashboard

Nearly three decades after benchmarking came on the scene, companies still claim it to be an integral part of their internal performance improvement processes. But few would argue that its value to the business is now well below where it once was. And sometimes, it actually gets in the way of identifying improvements and driving change.