BENCHMARK MANAGEMENT ON THE BASIS OF THE BUSINESS EXCELLENCE MODEL

• Main Author: ROMAN Chugumbaev
• Format: Article
• Language: Russian
• Published: Government of Russian Federation, Financial University 2019-01-01
• Series: Учёт. Анализ. Аудит
• Subjects: эталонный анализ; бизнес-модель совершенства; стейкхолдерский подход; гудвилл; эффективность инноваций; benchmarking analysis; business excellence model; the stakeholder approach; goodwill; innovation efficiency
• Online Access: https://accounting.fa.ru/jour/article/view/59

The purpose of this article is to study the analytical principles of managing a company which implements the business excellence model under existing conditions of its functioning and development.Modern science and practice of economic analysis and control are in dire need of development of methodological approaches that could help to make such an educated management decision taking into account the fact that modern business has a strategic direction in achieving the leader’s position.To study the evolution of the economic analysis the historic parametric method was used along with abstract and logical methods, systemic, integrated, stakeholders approaches to formation of benchmarking principles. The article also touches upon taxonometric methods of analysis, data envelopment analysis, method of achievable goals. In addition the analogy of the methodological foundations of the analysis of the relationship “cost - volume - profit” was used.The research shows that the analysis tools associated with the processes of business modeling is of a great importance when long-term success of an economic agent depends on its reflection on external influence and actions. The business model represents a comprehensive and holistic description of the business, the key performance aspects of the business, which creates value for stakeholders. Its analysis allows to develop and use a scorecard, giving managers an opportunity to make strategic and tactical decisions in highly dynamic external environment. In this environment, the peer companies that have achieved the highest level of perfection should be identified and analyzed. To evaluate the effectiveness of innovative measures designed to raise the level of business excellence, the author offers to conduct analysis of invested financial resources, level of development of the company and its value.