DEFINITION, PRINCIPS AND PRECONDITION FOR IMPLEMENTATION OF THE BENCHMARKING TO IMPROVE THE ENTERPRISES’ ACTIVITY

Raya Madgerova (raya_madgerova@abv.bg) and Anny Atanasova

Entrepreneurship, 2013, vol. 1, issue 1&2, 5-20

Abstract: The article discusses some problems of benchmarking as a method for elaboration the enterprises’ activity. The origin and growth history of benchmarking and its importance to increase the business competitiveness is revealed. The article presents definitions of various authors and identifies fundamental benchmarking features. As well we point at specific benefits from the method implementation, main principles and precondition for effective realization in the corporate practice. The necessity to utilize this important management tool to assess the level of development, the strengths and weaknesses, and to reach the “best practices” in the industry, in the business area or individual business processes, is highlighted.

Keywords: Benchmarking; Definition; Characteristics; Benefits; Principles; Preconditions for Implementation (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://ep.swu.bg/images/pdfarticles/2013pdf/DEFINI ... LEMENTATION%20OF.pdf (application/pdf)
http://ep.swu.bg/index.php/archive/2013/2013-issue ... enterprises-activity (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:neo:epjour:v:1:y:2013:i:1&2:p:5-20

Access Statistics for this article

More articles in Entrepreneurship from Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD Contact information at EDIRC.
Bibliographic data for series maintained by Vladislav Krastev (vladislav_swu@abv.bg).