Effective Management And Effective Performance...

Introduction Effective management and effective performance measurements have a very close relation with management and practice (Drucker 1995). The effect of the performance depends upon the usages of the management. The performance measures have meaning when they are compared. The comparison may help in achieving goals or assess trends overtime or weighting performances of one organization to another (National Research Council, 2005). An organization’s success depends upon the input provided by the project management. to improve the objectives and process, the benchmarking is an effective tool. Benchmarking is a process of identifying superior performance or practices of other organizations or projects and to internalize such knowledge for competitive advantages (James R.Evan.1997). Benchmarking is a learning process to find better ways of doing things. It is a management process that requires constant updating whereby performance is regularly compared with the best performers that can be found. The key philosophy of benchmarking is the ability to recognize one’s shortcomings and acknowledge that someone is doing a better job, learn how is it being done and implement it in one’s field of business (Ifeoluwa Ajelabi and Yinshang Tang. 2010 ). It’s not about copying but improvising by appreciating others effort and performances. Importance of Benchmarking Benchmarking comprised defining measures, planning, analyzes, improve and improvement. BenchmarkingShow MoreRelatedRocky Mountain Medical Center ( Rmmc )1347 Words   |  6 Pagesservices. Performance Measurement System It is imperative that RMMC expands its patient mix in order to increase operating income. An important factor in achieving this result is improving the quality of care and customer satisfaction. RMMC needs to be able to measure the current outcomes and initiate changes for improvement. Implementation of a performance measurement system may be an effective way for RMMC to achieve individual and organizational outcomes. The main focus of the performance measurementRead MoreWorking With Complex Business Environment1420 Words   |  6 PagesTo cope with complex business environment, all companies need measurement and management tool to evaluate and control operations. Bernard Marr (2013) a leading business and data expert believe that if management tools are properly used they can be powerful enablers of changes and actions in companies. 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The LAMP framework will be utilized to determine the reason why absenteeism is a major concern and how measurements and analytics can give insight to the importance of wellness programs for reducing absenteeism. It is imperative to know how measurements drive decisions, organization effectiveness, and strategic