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A Global Vision over Benchmarking Process: Benchmarking Based Enterprises

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  • Sitnikov, Catalina
  • Giurca Vasilescu, Laura

Abstract

Benchmarking uses the knowledge and the experience of others to improve the enterprise. Starting from the analysis of the performance and underlying the strengths and weaknesses of the enterprise it should be assessed what must be done in order to improve its activity. Using benchmarking techniques, an enterprise looks at how processes in the value chain are performed. The approach based on the vision “from the whole towards the parts” (a fragmented image of the enterprise’s value chain) reduces the focus of the benchmarking process of the enterprise. This is the reason why we introduce a new concept: “benchmarking based enterprises” (BBE). Accordingly to this, the enterprises, particularly corporations, gather common features, accept their industry leaders, adapt to their specific features and accept a new vision of benchmarking shifted “from part to the whole”.

Suggested Citation

  • Sitnikov, Catalina & Giurca Vasilescu, Laura, 2008. "A Global Vision over Benchmarking Process: Benchmarking Based Enterprises," MPRA Paper 9482, University Library of Munich, Germany, revised 24 Sep 2008.
  • Handle: RePEc:pra:mprapa:9482
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    References listed on IDEAS

    as
    1. Ivan DE NONI & Luigi ORSI & Diego TAVECCHIA, 2007. "Benchmarking for SMEs: toward a competitive rating system," Departmental Working Papers 2007-42, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
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    More about this item

    Keywords

    benchmarking based enterprises; value chain; corporation; SME;

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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