Istrazivanja i projektovanja za privreduJournal of Applied Engineering Science


DOI: 10.5937/jaes11-4856
This is an open access article distributed under the CC BY-NC-ND 4.0 terms and conditions. 
Creative Commons License

Volume 11 article 262 pages: 177 - 184

Tomas Hanak
Faculty of Civil Engineering, Brno, Czech Republic

Ivan Marovic
Faculty of Civil Engineering, Rijeka, Croatia

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 firm’s management, and long term financial stability.

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