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Benchmarking models investigation

Author(s): Nataliya Kyrych | Nataliya Shveda

Journal: Socìalʹno-ekonomìčnì Problemì ì Deržava
ISSN 2223-3822

Volume: 8;
Issue: 1;
Start page: 286;
Date: 2013;
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Keywords: benchmarking | project | model | benchmarking stages

Benchmarking is the process of measuring an organization's internal processes then identifying, understanding, and adapting outstanding practices from other organizations considered to be best-in-class.Benchmarking implementation at the company and using its results in practice is a specific and complex research. The basis of benchmarking is the standard choice (companies, technologies, decisions, etc.) to compare, analyze its parameters and make rational decisions. Deviations from the standard indicators show that the company lags behind and what needs to be corrected. After this the series of measures are designed to improve the enterprise performance. Benchmarking should be planned and organized at the company as a single innovative project that normally consists of three stages: the first stage is the project planning, the second stage is the data collection and information processing; the third stage is the innovations plan implementation. Existing benchmarking models are analyzed in the article to identify their advantages or disadvantages and the likelihood of their use of domestic enterprises
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