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Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2023) 1.2 Q4
Journal Citation IndicatorTM (2023) 0.33 Q3
Received: 2015-08-20  |  Accepted: 2015-10-10  |  Published: 2015-12-31

Title

Cluster efficiency study through benchmarking


Abstract

This study was carried out in order to compare the most successful, in a certain extent, clusters in Lithuania. Benchmarking approach was employed as the most precise technique of data analysis in given conditions. There were several methods employed in a study, such as an interview for the initial stage of data collection, questionnaire survey as well as multi-criteria analysis in later stages and benchmarking for the final stage of the study as to generalize the results. The research has shown that multi-criteria and benchmarking methods are helpful in determining cluster performance. There might be some inaccuracies regarding the results as there were several questions with information not available for the cluster managers. A great number of elements included in the questionnaire survey may have led to some discrepancy. Benchmarking can help companies in cluster to evaluate their performance in comparison to others and seek for better results. The most successful clusters in Lithuania were studied to be a role model. Benchmarking is a practice which can help clusters to measure their performance as there is no systematic evaluation of cluster excellence in Lithuania.


Keywords

cluster efficiency, benchmarking, case analysis


JEL classifications

L14 , M21


URI

http://jssidoi.org/jesi/article/64


DOI


Pages

120-128


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Tvaronavičienė, Manuela
Vilnius Gediminas Technical University (VILNIUS TECH), Vilnius, Lithuania https://vilniustech.lt
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Razminienė, Kristina
Vilnius Gediminas Technical University (VILNIUS TECH), Vilnius, Lithuania https://vilniustech.lt
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Piccinetti, Leonardo
Rete Europea Dell'Innovazione, Pomezia, Italy http://www.redinn.it
Europe for Business Ltd., London, United Kingdom http://www.e4business.eu
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Journal title

Entrepreneurship and Sustainability Issues

Volume

3


Number

2


Issue date

December 2015


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References