IDEAS home Printed from https://ideas.repec.org/a/scm/ejafbu/v11y2023i1p34-44.html
   My bibliography  Save this article

Applicability And Usefulness Of The Benchmarking Tool In Business Practice

Author

Listed:
  • Camelia-Catalina Mihalciuc

    (Stefan cel Mare University, Suceava, Romania)

  • Diana Nicoreac

    (Stefan cel Mare University, Suceava, Romania)

Abstract

The best lesson a firm can learn to maximize profits and survive in the marketplace is to continually benchmark itself against its main competitors. Benchmarking is the comparison tool used in business, being a good support for choosing the best practices and solutions, this practice of using the benchmarking tool, being more and more advanced and adapted to new market trends. Thus, the research objective of the paper is, on the one hand, the analysis of specialized works that address the usefulness of the benchmarking concept, the report and the relationship that this concept has with feasibility studies, but also other aspects specific to the use of benchmarking in a transition economy and in a crisis situation, as well as the presentation of benchmarking indicators specific to different fields, and on the other hand, the applicability of the benchmarking tool on a company will be considered to analyze the efficiency and profitability obtained in relation to the methods and techniques applied for this purpose.

Suggested Citation

  • Camelia-Catalina Mihalciuc & Diana Nicoreac, 2023. "Applicability And Usefulness Of The Benchmarking Tool In Business Practice," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 11(1), pages 34-44, February.
    • Handle: RePEc:scm:ejafbu:v:11:y:2023:i:1:p:34-44
    as

    Download full text from publisher

    File URL: http://www.accounting-management.ro/getpdf.php?paperid=31_6
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ejafbu:v:11:y:2023:i:1:p:34-44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.