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Benchmarking As A Performance Management Method

Author

Listed:
  • Anatoliy G. Goncharuk

    (International Humanitarian University, Department of Business Administration and Corporate Security)

  • Natalia O. Lazareva

    (International Humanitarian University, Department of Business Administration and Corporate Security)

  • Ibrahim A. M. Alsharf

    (International Humanitarian University, Department of Business Administration and Corporate Security)

Abstract

The paper is devoted to the theoretical ground of benchmarking as a method for performance management. The concept, evolution, typology, a model and some practical aspects of benchmarking are described. Main advantages and problems for applying the benchmarking in performance management are defined. It is proved a variety of benchmarking lies in its types, which allow the improvement of various aspects of the enterprise due to different sources of improvement. Authors conclude that the main objective of performance management is to ensure continuous and sustainable growth of enterprise performance. And the benchmarking, both independently and in combination with other important tools like a motivation, is able to solve this problem.

Suggested Citation

  • Anatoliy G. Goncharuk & Natalia O. Lazareva & Ibrahim A. M. Alsharf, 2015. "Benchmarking As A Performance Management Method," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 27-36, June.
    • Handle: RePEc:pcz:journl:v:11:y:2015:i:2:p:27-36
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    References listed on IDEAS

    as
    1. Anatoliy GONCHARUK, 2011. "Making the Mechanism of Enterprise Performance Management," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 58-72, June.
    2. Hurmelinna, Pia & Peltola, Satu & Tuimala, Jarno & Virolainen, Veli-Matti, 2002. "Attaining world-class R&D by benchmarking buyer-supplier relationships," International Journal of Production Economics, Elsevier, vol. 80(1), pages 39-47, November.
    3. Anatoliy G. Goncharuk, 2014. "Measuring Enterprise Performance to Achieve Managerial Goals," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(1), pages 8-14.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

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    3. Natalia O. Lazareva, 2015. "Evaluating the Efficiency of Wineries in Ukraine: A Three-Criteria Approach," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(4), pages 239-242, November.
    4. Marina Zhuravskaya & Elena Morozova & Natalia Anashkina & Manuela Ingaldi, 2016. "Toyota-Oriented Technologies As Ecological Management Tools For Transport Enterprises," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(2), pages 192-203, June.
    5. Onesmus Musau Mwanzia & Raphael Nyonje & Angeline Mulwa, 2022. "Capacity Building Initiatives as a Predictor for Sustainability of Projects: A Study of Public Borehole Water Project in Kitui County-Kenya," Asian Social Science, Canadian Center of Science and Education, vol. 18(4), pages 1-19, April.
    6. Svetlana Evgenievna Ushakova & Alexander Borisovich Gusev & Ivan Vladimirovich Vershinin & Alexey Mikhaylovich Kornilov, 2016. "A New Model Of Public Management In Science Financing In Russia," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 206-216, June.

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