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Benchmarkingul - a Path to Excellence in Romanian Organizations

Author

Listed:
  • Maria Toma

    (“Valahia†University of Targoviste)

Abstract

Benchmarking is a tool of analysis that involves making direct comparisons between the functional or operational processes of organizations belonging to different sectors of activity, in order to identify sources of competitive advantage. In economic practice, benchmarking is a real state of mind that stimulates the activity of managers and staff in constant search of progress. It often becomes an integral part of a company's culture. The application of this method is conditioned by the existence of a specific structure, the so-called “benchmarking clubs†, usually animated by a consulting firm. This paper aims to highlight the results of research on the importance of the benchmarking method, as a tool for stimulating and constantly seeking progress in Romanian organizations.

Suggested Citation

  • Maria Toma, 2020. "Benchmarkingul - a Path to Excellence in Romanian Organizations," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 788-792, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:788-792
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    More about this item

    Keywords

    Benchmarking; performance; excellence;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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