CLASSIFICATION OF BENCHMARKING TYPES IN THE MANAGEMENT OF BANKS
Journal Title: Економіка розвитку - Year 2014, Vol 71, Issue 3
Abstract
The definition of benchmarking is clarified based on banking specifics. Bench-marking is considered as a process of comparing a product (a service) and business processes of a bank with products (services) and business processes of leading banks, best lenders, partners in order to borrow best practices in various areas and their adaptation with a view to gaining competitive advantage in the banking market. In order to improve the procedure of applying benchmarking to the activities of banks, the basic classification features were systematized and identified and peculiarities of application of benchmarking types were justified. This approach is proved to enable the manage-ment of banks to deliberately apply the methodology of studying and implementing ad-vanced practices of competitors, partners and other organizations, and will contribute to innovative development of credit institutions.The definition of benchmarking is clarified based on banking specifics. Bench-marking is considered as a process of comparing a product (a service) and business processes of a bank with products (services) and business processes of leading banks, best lenders, partners in order to borrow best practices in various areas and their adaptation with a view to gaining competitive advantage in the banking market. In order to improve the procedure of applying benchmarking to the activities of banks, the basic classification features were systematized and identified and peculiarities of application of benchmarking types were justified. This approach is proved to enable the manage-ment of banks to deliberately apply the methodology of studying and implementing ad-vanced practices of competitors, partners and other organizations, and will contribute to innovative development of credit institutions.
Authors and Affiliations
O. Bykhova
Keywords
Related Articles
- EP ID EP105374
- DOI -
- Views 114
- Downloads 0
MODELLING THE TRADE MARKET FUNCTIONING WITH AVAILABLE ELECTRONIC AND TRADITIONAL TRADE MECHANISMS
The functioning of a trade market has been studied based on modelling competitive interaction between e-shopping and traditional shopping. A linear city Salop classical model with symmetric differentiation of goods and f...
INTERBUDGETARY RELATIONS IN THE BUDGETARY SYSTEM OF UKRAINE
Different points of view of scientists studying the problems of budgetary and interbudgetary relations are presented regarding the distribution and redistribution of financial resources, i. e. centralization and decentra...
THE CONCEPTS OF REDUCING THE COST OF PRODUCING ENGINEERING PRODUCTS
The justification of reducing the cost of engineering products production based on the use of modern machine tools and instruments is analysed. A new theoretical approach to the determination of the cost of machine parts...
СУТНІСТЬ ТА РОЛЬ КОНТРОЛЮ ДЕРЖАВНИХ ЗАКУПІВЕЛЬ У СУЧАСНИХ УМОВАХ
Уточнено сутність поняття "контроль державних закупівель" шляхом аналізу підхо-дів до визначення понять "контроль" та "державні закупівлі". При цьому враховано сутнісні ознаки контролю як систематичного спостереження за...
КАДРОВЕ ЗАБЕЗПЕЧЕННЯ АГРАРНОЇ НАУКИ УКРАЇНИ
The complex assessment of the availability and use of staffing of scientific activities of the agrarian sector of Ukraine and the economy as a whole has been discussed. Measures to improve the quality of training researc...