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Performance Planning

In: Performance Benchmarking

Author

Listed:
  • Peter Bogetoft

    (Copenhagen Business School CBS
    Yale Univeristy)

Abstract

Modern benchmarking is model based. It builds on comprehensive multiple-input, multiple-output relations estimated from actual practices. The level of complexity that benchmarking models can capture vastly exceeds those of mental models and textbook examples. A benchmark model allows us to make substantiated evaluations of the past performances of individual firms, as we have explained in the preceding chapters. The framework, and in particular the underlying model of the technology, however, allows us to do much more than that.

Suggested Citation

  • Peter Bogetoft, 2012. "Performance Planning," Management for Professionals, in: Performance Benchmarking, edition 127, chapter 0, pages 127-161, Springer.
    • Handle: RePEc:spr:mgmchp:978-1-4614-6043-5_6
    DOI: 10.1007/978-1-4614-6043-5_6
    as

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