Relevance of Benchmarking in Industrial Enterprises

Uktamjonova Zulayxo Anvarjon Qizi

GREEN ECONOMY AND DEVELOPMENT, 2024, vol. 2, issue 4

Abstract: In the conditions of the market economy, in the conditions of constant global competition, constant improvement of industrial enterprises, optimization of competitive characteristics and production, creation of all internal opportunities, and preservation of competitive advantages are urgent tasks. The ambiguous side of this problem is that the emergence of new directions, methods and appropriate means of achieving and forming competitiveness led to the preservation of the enterprise’s advantage. One of the most effective tools that allows enterprises to constantly increase profitability, improve the quality of its results, and stay ahead of competitors is the use of benchmarking technology.This article shows how to develop a competitive strategy for our national enterprises by comparing the experiences of foreign enterprises.

Keywords: opportunities; constant global competition; benchmarking; enterprise advantage; business process analysis. (search for similar items in EconPapers)
Date: 2024
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