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Volume 11 article 262 pages: 177 - 184
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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