diff --git a/CMakeLists.txt b/CMakeLists.txt
index 512073b..1bef366 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,10 +3,6 @@
 
 find_package(Threads)
 
-set(CMAKE_RUNTIME_OUTPUT_DIRECTORY ${PROJECT_SOURCE_DIR}/bin)
-set(CMAKE_LIBRARY_OUTPUT_DIRECTORY ${PROJECT_SOURCE_DIR}/lib)
-set(CMAKE_ARCHIVE_OUTPUT_DIRECTORY ${PROJECT_SOURCE_DIR}/lib)
-
 set(CMAKE_CXX_FLAGS "-Wall -Werror -pedantic-errors --std=c++0x")
 set(CMAKE_CXX_FLAGS_DEBUG "-g -O0 -DDEBUG")
 set(CMAKE_CXX_FLAGS_RELEASE "-fno-strict-aliasing -O3 -DNDEBUG")
@@ -32,7 +28,6 @@
 # Set up directories
 include_directories(${PROJECT_SOURCE_DIR}/include)
 include_directories(${PROJECT_SOURCE_DIR}/src)
-link_directories(${PROJECT_SOURCE_DIR}/lib)
 
 # Build the targets
 FILE(GLOB SOURCE_FILES "src/*.cc")
@@ -41,3 +36,9 @@
 add_executable(benchmark_test test/benchmark_test.cc)
 target_link_libraries(benchmark_test benchmark ${CMAKE_THREAD_LIBS_INIT})
 
+# Install target (will install the library to specified CMAKE_INSTALL_PREFIX variable)
+INSTALL(
+  TARGETS benchmark
+  ARCHIVE DESTINATION lib
+  LIBRARY DESTINATION lib
+  COMPONENT library)
\ No newline at end of file