oboloo Glossary

Burn Multiple Benchmarks

oboloo Glossary

Burn Multiple Benchmarks

Burn Multiple Benchmarks (BMB) is an innovative business concept that involves setting multiple performance targets for a single team or organization. It’s a way of motivating individuals and increasing productivity by creating several achievable goals. At its core, BMB requires teams to measure their accomplishments against not one but two or more benchmarks – usually ones that require different skill sets or resources. For example, a typical BMB would involve setting separate target dates and budgets for production, customer satisfaction, efficiency, and profitability. By doing so, the organization can ensure that its objectives are met even if the results are below expectations in one area. Ultimately, using BMB allows companies to reach higher levels of success than they could have imagined otherwise.