Publication detail

Benchmarking concept of small sized construction company

HANÁK, T. MAROVIĆ, I.

Original Title

Benchmarking concept of small sized construction company

Type

journal article - other

Language

English

Original Abstract

Increasing competition on a global market forces enterprises to increase the efficiency of internal processes in order to retain competitiveness. Performance measurement is becoming one of the main strategic factors of business success, and can be performed also within the frame of benchmarking initiative. The aim of this paper is to draw up the benchmarking concept of small sized construction company, and verify its application on the case study. For this reason it was necessary to identify the set of performance indicators that can be measured and evaluated. It has been found out that firm size is limiting factor for application of benchmarking in the company, as well as unavailability of all necessary data. However, it was concluded that even a limited form of benchmarking provides a valuable information to the company management relevant to strategic decision making ensuring effective management of the firm, and long term financial stability.

Keywords

small sized construction company; benchmarking

Authors

HANÁK, T.; MAROVIĆ, I.

RIV year

2013

Released

1. 1. 2013

Location

Srbsko

ISBN

1451-4117

Periodical

Istrazivanja i Projektovanja za Privredu

Year of study

11

Number

4

State

Republic of Serbia

Pages from

177

Pages to

184

Pages count

8

BibTex

@article{BUT104426,
  author="Tomáš {Hanák} and Ivan {Marović}",
  title="Benchmarking concept of small sized construction company",
  journal="Istrazivanja i Projektovanja za Privredu",
  year="2013",
  volume="11",
  number="4",
  pages="177--184",
  issn="1451-4117"
}