Assessing efficiency is a key element of every regulatory framework. It can also help companies better understand their own performance and potential for improvement.
Successful benchmarking can be complex. The operating environments of companies can differ greatly. The techniques used need to disentangle those environmental factors within management control from those that the company cannot influence (for example, population density or differences in local employment costs). We use advanced statistical and econometric techniques to do this effectively. We also advise companies on how to interpret our results and identify local adjustments they may need to apply to get a true picture of their efficiency.