A-Z Popular Blog Metrics Search »
Metrics
 Advertisements
Related Guides

8 Examples of Best In Class

 , updated on
Best in class is a term for the top performing results for a particular metric. The term is used in benchmarking as firms typically compare results to the organization or industry that achieves superior results in a particular area. The following are common examples of best in class.

Branding

The brand that achieves the highest top of mind brand recognition in your industry.

Performance

The production solar panel that achieves the highest conversion efficiency.

Safety

The model of aircraft with the least hull loss accidents per million flights.

Cost

The producer with the lowest unit cost in a commodity industry.

Processes

The ecommerce company with the fastest order picking turnaround time.

Customer Service

The airline with the highest customer satisfaction.

Automation

The waste sorting robot with the lowest error rate.

Quality of Life

The city with the best air quality or happiest people.
Overview: Best In Class
Type
Definition
The top performing nation, city, organization, process, practice, method, product or service for a particular metric.
Notes
Best in class is often calculated for a particular industry as top results for metrics such as return on equity or customer satisfaction differ widely from one industry to the next.
Also Known As
Best of breed
Related Concepts

Data Science

This is the complete list of articles we have written about data science.
Backtesting
Causality
Cohort
Data Analysis
Data Collection
Data Dredging
Data Lineage
Data Mining
Data Profiling
Data Wrangling
Distribution
IT Examples
Misuse of Statistics
Negative Correlation
Overfitting
Personal Data
Predictive Analytics
Regression Analysis
Statistical Analysis
More ...
If you enjoyed this page, please consider bookmarking Simplicable.
 

Benchmarking

A few examples of benchmarking.

Benchmarking Definition

A definition of benchmarking.

Internal Benchmarking

The common types of internal benchmarking.

Baseline vs Benchmark

The difference between a baseline and a benchmark.

Functional Benchmarking

A definition of functional benchmarking with examples.

Competitive Benchmarking

A definition of competitive benchmarking with examples.

Cycle Time

A definition of cycle time with examples.

Business Benchmarks

The common types of business benchmark.

Market Share Analysis

A guide to market share analysis with examples.

Metrics

An reasonably comprehensive list of metrics.

Marketing Metrics

A list of common ways to measure marketing results.

IT Metrics

A list of commonly used IT metrics.

Innovation Metrics

How to measure innovation including early stage, late stage and overall program metrics.

Metrics vs Measurements

The difference between a metric and a measurement.

Data-Driven Business

The common types of data-driven business.

Labor Productivity

How to calculate labor productivity with examples.

Cost Effectiveness

A definition of cost effectiveness with example calculations.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map