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Cluster efficiency study through benchmarking

Author

Listed:
  • Manuela Tvaronavičienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Kristina Razminienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Leonardo Piccinetti

    (Rete Europea Dell'Innovazione, Italy)

  • Leonardo Piccinetti

    (Europe for Business Ltd., United Kingdom)

Abstract

This study was carried out in order to compare the most successful, in a certain extent, clusters in Lithuania. Benchmarking approach was employed as the most precise technique of data analysis in given conditions. There were several methods employed in a study, such as an interview for the initial stage of data collection, questionnaire survey as well as multi-criteria analysis in later stages and benchmarking for the final stage of the study as to generalize the results. The research has shown that multi-criteria and benchmarking methods are helpful in determining cluster performance. There might be some inaccuracies regarding the results as there were several questions with information not available for the cluster managers. A great number of elements included in the questionnaire survey may have led to some discrepancy. Benchmarking can help companies in cluster to evaluate their performance in comparison to others and seek for better results. The most successful clusters in Lithuania were studied to be a role model. Benchmarking is a practice which can help clusters to measure their performance as there is no systematic evaluation of cluster excellence in Lithuania.

Suggested Citation

  • Manuela Tvaronavičienė & Kristina Razminienė & Leonardo Piccinetti & Leonardo Piccinetti, 2015. "Cluster efficiency study through benchmarking," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 3(2), pages 120-128, December.
    • Handle: RePEc:ssi:jouesi:v:3:y:2015:i:2:p:120-128
    DOI: 10.9770/jesi.2015.3.2(0)
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    References listed on IDEAS

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    1. Nadvi, Khalid, 1999. "Collective Efficiency and Collective Failure: The Response of the Sialkot Surgical Instrument Cluster to Global Quality Pressures," World Development, Elsevier, vol. 27(9), pages 1605-1626, September.
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    More about this item

    Keywords

    cluster efficiency; benchmarking; case analysis;
    All these keywords.

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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