How to Use Benchmarking in Small and Medium-Sized Businesses

Alexandrache (Hrimiuc) Olivia Bianca ()
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Alexandrache (Hrimiuc) Olivia Bianca: “Alexandru Ioan Cuza” University of Iaºi, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 18-21

Abstract: In nowadays benchmarking become a powerful management tool that stimulates innovative improvement through exchange of corporate information, performance measurement, and adoption of best practices. It has been used for to improve productivity and quality in leading manufacturing organizations. In the last years, companies of different sizes and business sectors are getting involved in benchmarking activities. Despite the differences of benchmarking practices between smaller and bigger organizations, a successful benchmarking project could also enhance small business competitiveness. This study surveys the concept of benchmarking and analyze how it can be used in small bussiness.

Keywords: benchmarking; organization; performance; small and medium businesses (search for similar items in EconPapers)
JEL-codes: M11 O32 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:18-21

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