Evaluating Success: The Value of Benchmarking

Abstract

Generally, the extent to which an alignment of institutional goals and strategy is highly crucial to an institution’s long-term success has been pointed out earlier. Strategic management aims to achieve such an alignment and has, therefore, become an inherent part of individual school’s management approach. In the pursuit of strategic management, it is the primary duty of the management to identify an institution’s capabilities and to differentiate between value-adding and non-value-adding activities.