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  • Actual for You - Benchmarking and Performance Management (2)

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    unique and wants to deviate from the standard?

    And that is exactly the problem with organisations. How are you to measure

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    A mutual fund could set a benchmark as a target for the performance. For such a fund, one that is 100% focused on the stock-market, the benchmark could be a stock-market index, like the Dow Jones. For individual portfolios that carry more than stocks only but include currencies and bonds, it is more difficult to define an appropriate benchmark.

    And that is exactly the problem with benchmarking as a performance management instrument in organisations. How are you to measure a performance if every company is unique and wants to deviate from the standard?

    And that is exactly the problem with organisations. How are you to measure a

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    t, the benchmark could be a stock-market index, like the Dow Jones. For individual portfolios that carry more than stocks only but include currencies and bonds, it is more difficult to define an appropriate benchmark.

    And that is exactly the problem with benchmarking as a performance management instrument in organisations. How are you to measure a performance if every company is unique and wants to deviate from the standard?

    And that is exactly the problem with organisations. How are you to measure

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    t include currencies and bonds, it is more difficult to define an appropriate benchmark.

    And that is exactly the problem with benchmarking as a performance management instrument in organisations. How are you to measure a performance if every company is unique and wants to deviate from the standard?

    And that is exactly the problem with organisations. How are you to measure

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    th benchmarking as a performance management instrument in organisations. How are you to measure a performance if every company is unique and wants to deviate from the standard?

    And that is exactly the problem with organisations. How are you to measure

    Service is a Two-Way Street
    I was having trouble with a set of tires I purchased for my automobile. The ride was rough and unacceptable. The store was willing to exchange the tires or give me a refund. However, it was not definite that the tires were actually the cause of my problem.Paul, the mechanic servicing m
    unique and wants to deviate from the standard?

    And that is exactly the problem with organisations. How are you to measure a performance if every company is unique? Benchmarking is done to compare activities with the objective to improve these. So how do we translate the financial adagio, “If we beat the index, we have done well,” into an organizational counterpart?

    Benchmarking you company against peers is sheer impossible; a small difference in focus, product offering will make an overall comparison useless.

    So you should step down to get more focus and therefore a reliable or credible benchmark. For instance you could

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