BENCHMARKING OF COMPANIES DEALING WITH TRANSPORT INFRASTRUCTURE IN TERMS OF THEIR PERFORMANCE

BENCHMARKING OF COMPANIES DEALING WITH TRANSPORT INFRASTRUCTURE IN TERMS OF THEIR PERFORMANCE

Stať ve sborníku v databázi WoS či Scopus

Benchmarking as a method of management has had a new meaning in business. The aim of benchmarking is assessing the efficiency of the company in comparison to other organizations on both the domestic and international market. Lessons learned from other companies can be used for establishing improvement in the targets and for promotion changes in the organisation. This paper describes the scope of these initiatives and discusses the lessons learned and improvement of the opportunities that have been identified in the organizational structure as well as the method of financial management. Data collected for this article has been based on four major construction companies from the Czech Republic and Portugal which focus on realization of transport constructions. Basic parameters of benchmarking have been chosen based on the selected methods of financial analysis representing the performance of the company. Furthermore, the most successful company has been detected based on a comprehensive analysis of calculated results in the value engineering. Recommendations for improving financial situation and effectiveness of other researched companies have been set as a result of the research and analysis of practical activities of the company. In addition the development of construction companies which focuses on realization of transport constructions has been compared to the development of economy of the country for better understanding of company's position on internal market. Moreover issues dealing with application of benchmarking in practice have been discussed in the final part of the article.

Benchmarking as a method of management has had a new meaning in business. The aim of benchmarking is assessing the efficiency of the company in comparison to other organizations on both the domestic and international market. Lessons learned from other companies can be used for establishing improvement in the targets and for promotion changes in the organisation. This paper describes the scope of these initiatives and discusses the lessons learned and improvement of the opportunities that have been identified in the organizational structure as well as the method of financial management. Data collected for this article has been based on four major construction companies from the Czech Republic and Portugal which focus on realization of transport constructions. Basic parameters of benchmarking have been chosen based on the selected methods of financial analysis representing the performance of the company. Furthermore, the most successful company has been detected based on a comprehensive analysis of calculated results in the value engineering. Recommendations for improving financial situation and effectiveness of other researched companies have been set as a result of the research and analysis of practical activities of the company. In addition the development of construction companies which focuses on realization of transport constructions has been compared to the development of economy of the country for better understanding of company's position on internal market. Moreover issues dealing with application of benchmarking in practice have been discussed in the final part of the article.

benchmarking, financial analysis, performance indicators, Czech Republic, Portugal

benchmarking, financial analysis, performance indicators, Czech Republic, Portugal

SEMENOVA, T.; ONDRUŠKOVÁ, E.; VÍTKOVÁ, E.

2017

24.11.2016

City Net Scientific Research Center Ltd. Belgrade

Belgrade, Serbia

978-86-916153-3-8

ICTTE BELGRADE 2016 - PROCEEDINGS OF THE THIRD INTERNATIONAL CONFERENCE ON TRAFFIC AND TRANSPORT ENGINEERING

839

844

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