Benchmarking and Performance Criteria

نویسنده

  • Patrick Ragan
چکیده

Performance measurement and benchmarking are obviously intertwined. Merriam Webster’s online dictionary (www.m-w.com) defines benchmarking as “the study of a competitor’s product or business practices in order to improve the performance of one’s own company.” However, the term derives from the noun benchmark. The definition of a benchmark includes “a point of reference from which measurements may be made” and “something that serves as a standard by which others may be measured or judged.” Performance measurement is usually not very meaningful unless there is a benchmark for comparison. If you are asked how fast someone is going, and you get an answer of 100 miles per hour, you would think that was extremely fast on a bicycle, fast in a car, not very fast in a racing car, and extremely slow in a jet plane. To the extent that performance measurement is evaluative, there must be an explicit or implied benchmark. The benchmark is needed even if it is only the benchmark of change for the measure from its previous position(s). On the other hand, to the extent that benchmarking represents an attempt to improve performance, it is necessary to find LEARNING OBJECTIVES

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تاریخ انتشار 2013