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Benchmark and Continuous Improvement of Performance

Author

Listed:
  • Alina Alecse Stanciu
  • Iuliana Camelia Stoenica
  • Florentina Raluca Bilcan

Abstract

The present Economic Environment is challenge us to perform, to think and re-think our personal strategies in according with our entities strategies, even if we are simply employed or we are entrepreneurs. Is an environment characterised by Volatility, Uncertainity, Complexity and Ambiguity - a VUCA World in which the entities must fight for their position gained in the market, disrupt new markets and new economies, developing their client portofolio, with the Performance as one final goal. The pressure of driving forces known as the 2030 Megatrends: Globalization 2.0, Environmental Crisis and the Scarcity of Resources, Individualism and Value Pluralism, Demographic Change, This paper examines whether using benchmark is an opportunity to increase the competitiveness of Romanian SMEs and the results show that benchmark is therefore a powerful instrument, combining reduced negative impact on the environment with a positive impact on the economy and society.

Suggested Citation

  • Alina Alecse Stanciu & Iuliana Camelia Stoenica & Florentina Raluca Bilcan, 2017. "Benchmark and Continuous Improvement of Performance," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 123-126, December.
    • Handle: RePEc:khe:scajes:v:3:y:2017:i:4:p:123-126
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    References listed on IDEAS

    as
    1. Lebas, Michel J., 1995. "Performance measurement and performance management," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 23-35, October.
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    3. Erlend Nybakk & Jan Inge Jenssen, 2012. "Innovation Strategy, Working Climate, And Financial Performance In Traditional Manufacturing Firms: An Empirical Analysis," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 16(02), pages 1-26.
    4. Pfeffer, Jeffrey & DeVoe, Sanford E., 2012. "The Economic Evaluation of Time Organizational Causes and Individual Consequences," Research Papers 2123, Stanford University, Graduate School of Business.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Benchmarking; performance; portfolio; human resources; corporate leaders;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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