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Benchmarking for SMEs: toward a competitive rating system

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  • Ivan DE NONI
  • Luigi ORSI
  • Diego TAVECCHIA

Abstract

The main aim of this paper is to develop a qualitative and quantitative Benchmarking model for SMEs. The Benchmarking is a methodology base on a comparison among performances born in some international industrial groups to answer to the strong competitive dynamics on the 70s. This approach to a model of territorial benchmarking for SME is based on a research project developed by “CNA Emilia Romagna”, “Ecipar” and “CNA Innovazione” with the scientific supervision of the University of Milan and the Association Benchmarking for Success (Italy) in the perspective to support competitiveness, innovation and development of SMEs’ businesses. The purpose of this project is to develop an integrated model of territorial benchmarking that allows estimating the value of the interaction processes that are developed in a specific territory and that help defining the potential business and the dynamic capability of a firm. The database with all budget data of the SMEs is offered by CNA itself. This database includes more or less 30,000 enterprises divided by firms with ordinary accounting (with data about economic account and statement of assets and liability) and with simplified accounting (with data about economic accou

Suggested Citation

  • Ivan DE NONI & Luigi ORSI & Diego TAVECCHIA, 2007. "Benchmarking for SMEs: toward a competitive rating system," Departmental Working Papers 2007-42, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    • Handle: RePEc:mil:wpdepa:2007-42
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    File URL: http://wp.demm.unimi.it/files/wp/2007/DEMM-2007_042wp.pdf
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    References listed on IDEAS

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    4. Grunert, Jens & Norden, Lars & Weber, Martin, 2005. "The role of non-financial factors in internal credit ratings," Journal of Banking & Finance, Elsevier, vol. 29(2), pages 509-531, February.
    5. Altman, Edward I. & Haldeman, Robert G. & Narayanan, P., 1977. "ZETATM analysis A new model to identify bankruptcy risk of corporations," Journal of Banking & Finance, Elsevier, vol. 1(1), pages 29-54, June.
    6. Andrea GANZAROLI & Gianluca FISCATO & Luciano PILOTTI, 2006. "A scoreboard to evaluate clusters’ competitiveness in the knowledge-based economy. An empirical study on Emilia Romagna region," Departmental Working Papers 2006-30, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
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    Cited by:

    1. Sitnikov, Catalina & Giurca Vasilescu, Laura, 2008. "A Global Vision over Benchmarking Process: Benchmarking Based Enterprises," MPRA Paper 10730, University Library of Munich, Germany, revised 24 Sep 2008.

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    More about this item

    Keywords

    SMEs; Benchmarking; Rating Model; Performance Evaluation.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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