Benchmarking of business excellence as a determinant of quality improvement

In order for a process to operate successfully, it is necessary to constantly measure and improve its performance. One way to analyze the current state of performances of a company and its improvement is benchmarking. In a market-oriented environment, an enterprise must meet the expectations of different interest groups, or key stakeholders. However, in order to achieve business excellence, it is necessary to fulfill the requirements prescribed by the relevant standards. In this paper, the focus will be on the requirements of the ISO 9004: 2009 standard. The aim of the paper is to highlight the significance of the benchmark technique in measuring the business performances of companies. By implementing it, you can identify the strengths and weaknesses of the company in question. In this way, the process parameters that need to be improved are identified so that the company can improve its competitive position