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  • Write You - Benchmarking and Performance Management (2)

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    and wants to deviate from the standard?

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

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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 perform

    Sabotage Your Own Business?
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    , 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 perfor

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    nclude 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 perfor

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    nchmarking 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 perfor

    Maintaining Focus is the Blueprint for Your Business and Personal Success
    How many times have you said to yourself and others – “If only I had more time”? The reality is that we all have the same amount of time each and every day. It’s how we manage our time that makes the difference to our ultimate success. Time is a resource just like other resources such as money and people. Time howe
    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 visit three sa

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