What is benchmarking?

I was studying management techniques by different gurus, I came to this term in the quality enhancment techniques. I am not sure of the exact meaning of it. Please help me to resolve this issue.
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This is searching of best practices.
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As the best practices in an organization are cause of the distinguishing performance of organization. So the search for best practices from different organization could help in the better performance for your organization. This is callled benchmarking.
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