Volume 03 Issue 12-2023
46
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
12
P
AGES
:
46-49
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
ABSTRACT
In the conditions of globalization, enterprises are experiencing many difficulties in striving to be competitive at the
national and international level.
Benchmarking, as a new modern competition tool and business management method, allows enterprises to interact
with other market participants, identify means of advantage, implement them in their activities and improve them by
better using growth potential.
KEYWORDS
Benchmarking, business, market, enterprise, compitation, globalization, management method.
INTRODUCTION
Today, benchmarking is constantly growing and there
is a great need to learn from the experience of
successful benchmarking studies. As soon as an
organization realizes through benchmarking that it is
lagging behind benchmarks, it is particularly interested
in finding best practices that can help address the
causes of this lagging. Obtaining and analyzing such
information usually occurs in the process of detailed
study of the work of certain organizations.
From this point of view, it seems modern and relevant
to study methodological approaches to effectively
organize
comparison
and
create
practical
developments that help to implement it in the activities
of local enterprises.
Research Article
METHODS OF IMPLEMENTATION OF BENCHMARKING STRATEGY IN
INDUSTRIAL ENTERPRISES
Submission Date:
December 09, 2023,
Accepted Date:
December 14, 2023,
Published Date:
December 19, 2023
Crossref doi:
https://doi.org/10.37547/ijmef/Volume03Issue12-09
Uktamjonova Zulayxo Anvarjon Qizi
Assistant, Department Of Management, Fergana Polytechnic Institute, Fergana, Uzbekistan
Journal
Website:
https://theusajournals.
com/index.php/ijmef
Copyright:
Original
content from this work
may be used under the
terms of the creative
commons
attributes
4.0 licence.
Volume 03 Issue 12-2023
47
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
12
P
AGES
:
46-49
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
Benchmarking is a process of analyzing a company's
performance in order to identify areas that require
positive changes as part of a continuous improvement
program. This process begins with the analysis of the
current activity of the enterprise, after which the areas
that need to be improved are determined, and then the
efficiency standards are determined by which aspects
of its activity are evaluated. The main goal of
benchmarking is to bring all the components of the
enterprise to the highest level, as well as to maintain
these achievements. The selection of samples, usually
referred to as the English term best practice, is not
always based on the criterion of minimum costs. But it
should also be based on an assessment of the
usefulness of using the best practices recorded for all
interested parties and an assessment of the expected
increase in organizational efficiency.
Literature review. The works of foreign authors
specially devoted to benchmarking: R. Kamp, B.
Andersen, S. Miller, F. Kotler, D. Traut, the theoretical
basis of the research was the work of local experts: E.A.
Mikhailova, G.L. Bagieva, G.L. Azoeva, A.P. Chelenkova,
I.A. Arenkova, A.K. Kazantseva, E.P. Golubkov
In addition, some theoretical and practical aspects of
the development of industrial enterprises, especially
textile industry clusters, deepening of market relations
in the network, improvement of management
processes in the enterprises of the cluster were
presented by the economists of our republic S.S.
Gulomov, N.Kh. Jumayev, M. Sharifkho'jayev, Yo.
Abdullayev, N.Q. Yo. 'ldoshev, M.R. Boltabayev, Z.T.
Gaibnazarova, E.A. Muminova, Z.A. Khakimov, S.Sh.
Yusupov, I.A. Toshpulatov, N.A. Yuldasheva's scientific
research.
RESEARCH METHODOLOGY
Comparative and economic analysis, analysis and
summarization of the results of economic comparison,
SWOT analysis, as well as economic-mathematical
modeling and econometric analysis methods were
used in the work of the article.
ANALYSIS AND RESULTS
"Benchmark" is a term that has been used by
researchers for thousands of years. Land surveyors
used "benchmarks"
—
landmarks to begin calculating
distances
—
as pre-determined starting points, and
then they defined plot boundaries. Product quality has
been used since the early 1900s to determine how a
competitor makes their product and how good that
product is.
In the 1960s, US companies introduced methods of
studying best practices, but it was not called
benchmarking at the time. Thus, IBM noticed that
there was a huge amount of variation among its
divisions. To standardize the process, the company
introduced KPI measurements for each production
function (engineering, product design, personnel,
Volume 03 Issue 12-2023
48
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
12
P
AGES
:
46-49
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
quality assurance, accounting, etc.). Once a year, the
results of measuring key indicators are sent to the
headquarters of the corporation, where they are
analyzed and graphed to compare the performance of
all departments. At the end of the work, the company
concluded that the total cost of all products could be
significantly reduced if the company adopted best
practices in its branches around the world. As a result,
production was consolidated at all the company's
plants. In the future, such studies were called "internal
marketing".
The term "benchmarking" first appeared in 1972 at the
Cambridge Strategic Planning Institute (USA). There
are
many
definitions
of
the
concept
of
"benchmarking", but the first and most famous
definition was given by R. Kamp, the founder of the
classic comparison: "Benchmarking is a continuous
process of studying and evaluating the production of
goods,
services
and
production
experience".
Companies recognized as the most serious
competitors or leaders in their fields. An interesting
definition of benchmarking is given by L. Bossidi, the
CEO of Allied Signal, who understands it as taking
advantage of the experience of other companies and
analyzing one's own techniques by applying the best
methods introduced from outside.
Let's consider the classification of management
methods related to the comparative approach:
•
according to the criterion of comparison of
qualitative or quantitative signs - quantitative,
qualitative and mixed comparison;
•
according to the number of compared
characters - monorelative (by one feature) and
polyrelative (by many features) comparison.
The above classification makes it possible to
distinguish between comparative analysis and
benchmarking.
Comparative analysis is the process of forming a
system of quantitative indicators of the activity of
similar enterprises (as well as structural units of
integrated structures) and later using these indicators
to justify management decisions. It is based on the
combination of quantitative polyrelative comparison
with various methods of analysis and evaluation of
enterprise activity (balanced scorecard, business value
scorecard).
Benchmarking
involves
mostly
quantitative
comparisons for many reasons. Benchmarking, on the
other hand, is mainly based on qualitative
comparisons.
CONCLUSION
Therefore, based on the analysis of approaches to
specific aspects of benchmarking, we can distinguish
the main elements of this method:
Volume 03 Issue 12-2023
49
International Journal Of Management And Economics Fundamental
(ISSN
–
2771-2257)
VOLUME
03
ISSUE
12
P
AGES
:
46-49
SJIF
I
MPACT
FACTOR
(2021:
5.
705
)
(2022:
5.
705
)
(2023:
7.
448
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
Focus on studying practices and business processes
rather than formalized quantitative indicators of
enterprises. Benchmarking also includes a comparative
analysis of performance results to some extent, which
allowed it to be considered as a comparison of its
performance with the best in the industry or the world.
At the same time, within the framework of
benchmarking, private, scattered indicators describing
individual business processes are analyzed. This is the
preparatory stage of comparison or comparative
comparison, and the main role is played by the process.
REFERENCES
1.
Zulayxo Uktamjonova. (2023). PRINCIPLES OF
ORGANIZATION OF BENCHMARKING SERVICE
IN INDUSTRIAL ENTERPRISES. World Bulletin
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from
https://www.scholarexpress.net/index.php/w
bml/article/view/2095
2.
Abdumajidov. A.., & Uktamjonova, Z. (2022).
TEXNIK OLIY TA
ʼ
LIM MUASSASALARIDA .
Наука
и
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в
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–
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извлечено
от
https://www.in-
academy.uz/index.php/zdift/article/view/6866
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Uktamjonova, Z., Omonov, A., & Tursunaliyev,
M. (2023). THE ROLE AND IMPORTANCE OF
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DIVERSIFICATION
OF
THE
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Educational Research in Universal Sciences,
2(3),
1104
–
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Retrieved
from
http://erus.uz/index.php/er/article/view/2529
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