Competitive Status Research Articles

Environmental corporate social responsibility and stock price crash risk: The role of environmental performance and ISO 14001

This paper examines the impact of environmental corporate social responsibility (CSR) on stock price crash risk. Using a sample of publicly listed Chinese firms for the period 2010 to 2020, we find that environmental performance negatively affects crash risk. ISO 14001 certification, however, does not exert a significant effect. The negative relationship between environmental performance and crash risk is mediated by the visibility of the firm, and moderated by the certification of ISO 14001, respectively. In addition, the documented relationship is more evident for firms belonging to heavily polluting industries, non-SOEs and firms with greater media coverage and higher market competitive status. Our results remain consistent after controlling for endogeneity concerns and a batch of robustness tests. This study provides new insights into the CSR literature by highlighting the risk-mitigating role of environmental CSR in firms’ future stock price crashes.

Analyzing the Interplay Between Competition State Anxiety, Motor Motivation, and Coping Styles Among Adolescent Track and Field Athletes

The relationship between competition state anxiety, motor motivation and coping styles of adolescent track and field athletes in China was investigated using interview and questionnaire research methods. The results showed that the mean scores of cognitive state anxiety and somatic state anxiety were lower in junior track and field athletes who had entered the echelon for a short period of time than in older athletes, and the opposite was true for state self-confidence; there were highly significant differences and significant differences in the identity regulation and introjection regulation dimensions of motor motivation; and there were significant differences in the focused problem-solving coping dimension of coping style. This paper proposes an algorithm for classifying athletic visual mirrors based on sequential model mining. This paper focuses on two issues – feature extraction and definition of semantic rules. In the feature extraction stage, the track and field video footage is automatically segmented into a series of identifiable sequences of athletic events, and then each type of behavioral event is identified using a mechanically learned algorithm. There were no significant differences between the three age groups in terms of race state anxiety, identity regulation and introjection regulation, and no significant differences in coping styles. There were no significant differences in the anxiety of competition status, motivation and coping styles among youth athletes of different sport levels. The results showed the effectiveness of the present algorithm for classifying track and field video cameras.

Individual tree diameter growth modelling for natural secondary forest in Changbai Mountains, Northeast China

Individual modelling is a foundational approach to study the natural forest growth and in this paper, we develop a serial distance-depended individual tree model for some species in natural forest which would provide prediction and characteristics for natural species. The data used to develop individual model for natural mixed forests were collected from 712 remeasured 10-year periodic permanent sample plots of in Baihe Forest Bureau of Changbai Mountains, northeast China. Based on analyzing relationship between diameter increment of individual trees with tree size, competitive status, and site condition and finding out the major independent variables, the growth models for individual trees of 15 species in the natural mixed forests, that have good predicting precision, and easily applicable, were developed using stepwise regression method. The individual growth model developed in this study can reflect the tree increment of 15 species and be generally well suited for simulating tree and stand growth for natural mixed forests in Changbai Mountains. The research results for individual trees growth model of each species showed that main variable to influence on diameter increment of individual trees for natural mixed forests were tree size (D) and then competition index. The site condition was not related with diameter increment. The natural logarithm of DBH (lnD) and square diameter (D2) were included in the predicting models of diameter increment for all 15 species. The diameter increment was directly proportional to tree diameter for each species. For the competitive indexes in growth model, the relative diameter (RD), canopy closure (P), and the ratio of diameter of subject tree with maximum diameter (DDM) were related to diameter increment and the stand density measures were not significantly influenced on diameter increment. As canopy closure increase, tree increment decreases. The site conditions were performance less of factors in increment predictions in the model.

Fat-Free Mass Index in Sport: Normative Profiles and Applications for Collegiate Athletes.

Jagim, AR, Harty, PS, Jones, MT, Fields, JB, Magee, M, Smith-Ryan, AE, Luedke, J, and Kerksick, CM. Fat-free mass index in sport: normative profiles and applications for collegiate athletes. J Strength Cond Res 38(9): 1687-1693, 2024-Recent concerns have been raised regarding the ethical considerations of conducting body composition assessments in sports. Specific apprehensions pertain to the inappropriate use of percent body fat and the limited application of the results to performance and recovery. Fat-free mass index (FFMI), a height-adjusted assessment of FFM, can serve as an alternative body composition metric to focus on in sports. Fat-free mass index provides valuable context regarding an optimal amount of FFM, accounting for skeletal frame and height while helping to qualify an athlete's FFM as low, moderate, or high. This review posits that shifting the focus of body composition measures to FFM can support more ideal targets across athletic seasons, careers, and the return to play after injury. In addition, a FFM focus may help change the perception of body composition assessment and how athletes perceive their current body because of the increased focus on the FFM compartment and the goal of maximizing tissue accrual, rather than focusing on fat loss. Fat-free mass index is calculated by dividing FFM (kg) by height (m 2 ) and can serve to normalize FFM, relative to height, and enable comparisons across athletes, sport types, and sex. Previous research has identified differences in FFMI across sex and among sport categories. Still, there is a need for more published data to develop optimal ranges for FFMI across sex, sports, and positions. As more data become available, FFMI has the potential to provide normative guidelines for optimal FFM development, performance, and injury risk reduction. The purpose of the current review was to summarize FFMI values across collegiate sport categories and competitive status to provide normative profiles, according to sex and sport type.

Effect of competition intensity and neighbor identity on architectural traits of Fagus sylvatica

Key messageDifferences in architectural traits of European beech saplings submitted to different levels of competition intensity and neighborhood diversity show a shift toward lateral growth exploration for overtopped trees but less expressed apical control is maintained for beech grown with conifers.Crown plasticity is a fundamental process to optimize the acquisition of light in forests, where it is often the limiting factor for growth. The processes leading to crown dynamics in response to biotic interaction are controlled by the competitive status of a tree, as well as the species diversity of the neighborhood. Yet, the ontogenic diversity of the different branches leading to crown structure makes it difficult to model crown plasticity. In this study, we used single-image photogrammetry and a semi-automatic topology reconstruction software to map the architecture of 3-year-old European beech trees (Fagus sylvatica L.) grown in pure pots or mixed with Douglas fir (Pseudotsuga menziesii (Mirbel) Franco) or Norway spruce (Piceaabies L. H.Karst). Further, we investigated the effect of competition intensity (estimated with height rank) and neighbourhood diversity on architectural traits. To do so, we quantified the mean volume, slenderness, number of branches, branching rate, internode length, and diameter ratio for each stem and branch, up to the order three. Overtopped trees developed fewer branches and biomass but allocated more biomass to branches of a higher order than to the stem. The increase in the ramification of the stem and the diameter ratio of the first-order branches for overtopped trees indicate a shift in the growth strategy and a decrease in apical control. As competition intensity and neighbour identity have opposite effects on stem traits, it seems that the positive effect of plant diversity on growth can be attributed to the intrinsic effects of species identity rather than to competition release.

Determinants of Fisheries Trade Competitiveness: The Case of Malaysia

Fisheries constitute one of the most globalised food industries and significantly contribute to a nation’s socioeconomic development and international food security. Malaysia is a small open economy endowed with fisheries resources; however, the rapid growth of international trade has changed the patterns of fish trade dependence. It has now become a fish importer and experienced a critical fish trade deficit since 2009, implicating eroding trade competitiveness of Malaysian fisheries in the global market. The existing empirical studies on competitiveness conclude that Malaysia loses the competitive status in the international fish market, but the Trade Competitiveness Index (TCI) and its determinants have not been thoroughly explored. Hence, this present study aims to examine the short and long run effects of trade openness, the exchange rate and fishery employment on the TCI of Malaysian fisheries during 1976– 2018, using an Autoregressive Distributed Lag (ARDL) approach. The findings conclude that Malaysia has lost its trade competitiveness in terms of TCI in the global fishery market. The ARDL results show that an appreciation of the exchange rate as well as more trade openness and fishery employment enhance the TCI in the short run (i.e., a few years), but have negative effects in the long run. To ameliorate trade competitiveness, higher restrictions on fish imports are recommended, as well as more adoption of science and technology in fisheries in the long run, given the nature of the exchange rate, appreciation policies are proposed in the short run.

Новое издание учебника «Конкуренция в предпринимательстве» для вузов

A review for the new edition of the textbook “Competition in Entrepreneurship” for higher educational institutions, published by the University publishing house “Synergy”, is presented. The following main advantages of the textbook are noted: the presence of the author’s view on such issues as the process of competitiveness, its objects, subjects, actors, results, resources, types and character of competitive interaction, types of competitive actions, methods of operational interaction between competitive parties, competitive stability and competitive ability, competitive positions, competitive status, competitive strategies, tactical competitive operations and combinations, competitive situations, competitive tricks and puzzles, management of competitive actions, competitive analysis. In the context of digital economy and the application of intelligent management technologies, the use of the considered publication in the educational process will allow university students to develop the knowledge and skills necessary to conduct successful business activities in modern economic conditions. The tools described in the textbook can be effectively used at the strategic, operational and situational levels of participation in competition, considering the potential for its implementation as part of the organization corporate information systems.

Research on Complex Network Models and Characteristics of Building Material Enterprises Based on Competitive Relationships

Based on complex network theory, this paper establishes a Boolean competitive relationship network model and a weighted competitive relationship network model for building material enterprises based on big data and performs empirical analyses with construction prefabricated component (PC) enterprises in the Beijing–Tianjin–Hebei region as research samples. Results show the competitive relationship network of PC enterprises in the Beijing–Tianjin–Hebei region is characterised by the development of a small-world network, and its cumulative degree and out-degree (in-degree) intensity distributions are single-scale networks with fast-decaying tails. The network has strong network clustering and assortativity, and it can truly reflect the competitive status and dynamics of the enterprises.

Stroke Steadiness as a Determinant Factor of Performance in 100 m Freestyle in Young Swimmers.

The classical kinematic variables in swimming are based on the calculation of mean values. Stroke steadiness determines the relationship between the duration of all consecutive strokes throughout a test. The aims of the current investigation were to examine differences in stroke-to-stroke steadiness according to swimmers' performance level on both body sides (breathing and non-breathing) and to analyse the interrelationship with kinematics during a 100 m front-crawl test. Thirty-two young, experienced swimmers voluntarily participated in the present study and were divided into two groups, national level (n = 15) and local level (n = 17), according to their competitive status within the national age-rankings. All participants performed a 100 m maximal test in a 50 m pool where they were laterally recorded. Kinematic variables such as mean velocity, stroke rate, stroke length, and stroke index, as well as long-term steadiness and short-term steadiness, were calculated. The two 50 m sections were analysed independently. Significant differences were observed between the two groups in the classical kinematic variables and in stroke steadiness (p < 0.05). In addition, stroke steadiness showed moderately high correlations with velocity (r = [-0.61-(-0.749)]) and stroke index (r = [-0.356-(-0.582)]). Maintaining a more stable inter-stroke period appears to be a determinant of performance in young, high-level national swimmers.

Functional diversity and secondary production of macrofaunal assemblages can provide insights of biodiversity-ecosystem function relationships

BackgroundSemi-enclosed bays are important links in the material cycle and energy flow between terrestrial and marine ecosystems. They are also areas of intense human activities and heavily influenced by such activities as aquaculture, industrial and agricultural wastewater discharge. The rate of biodiversity loss and changes in ecosystems have prompted research into the relationship between species diversity and ecosystem functioning. Studies have shown that application of functional diversity indices is useful for assessing the status of ecosystem functioning. We quantitatively sampled macrofauna in a semi-enclosed bay in four seasons and analyzed the relationship between species, functional diversity and secondary production, biomass and feeding functional groups of macrofauna.ResultsThe annual secondary production was 325.01 kJ m−2 year−1. Detritivorous, carnivorous and planktophagous feeders were the main functional groups of macrofauna. Differences in the spatial–temporal distribution of functional groups were influenced by Ruditapes philippinarum and Hemileucon bidentatus. Functional richness had significant negative correlations with macrofaunal biomass and secondary production. Functional divergence, functional dispersion and Rao's quadratic entropy had highly significant negative correlations with macrofaunal biomass and secondary production.ConclusionThe results showed that high overlap of ecological niches can increase competition for habitat resources, leading to a decline in biomass and secondary production. In addition, aquaculture could promote the use of habitat resources to some extent, while it could increase competition for ecosystem resources (including habitat resources, atmospheric resources, water resources, etc.). Functional diversity is a good indicator for the ecosystem functioning and the competition status for habitat resources, which can provide insights into the current state of ecosystem function.

Exploring Competitive Dynamics, Technological Innovations, and Sustainable Strategies for X Plant-Based Meat Health Technology Co., Ltd.

The research objectives were as follows: 1) to analyze the competitive environment of X Plant-Based Meat Health Technology Co., Ltd.; 2) to determine the technologies and innovation capabilities of X Plant-Based Meat Health Technology Co., Ltd.; and 3) to formulate sustainable strategies for X Plant-Based Meat Health Technology Co., Ltd. This research adopted qualitative research and document study. Twelve key informants, including top-level management, product development teams, head of marketing departments, and consumer groups within the company, were involved. The data analyzed the current market competition status of X Plant-Based Meat Technology Co., Ltd. using PEST, Porter’s Five Forces, and SWOT models, thus proposing sustainable development strategies. The research findings revealed that: 1) X Plant-Based Meat Health Technology Co., Ltd. operated in a competitive market driven by government initiatives and increasing environmental awareness. Challenges included intensified competition and price sensitivity. However, the company had opportunities for growth in China's expanding plant-based food sector. Success depended on strategic differentiation, technological innovation, and adaptability to evolving market trends amidst competition from diverse players; 2) X Plant-Based Meat Health Technology Co., Ltd. excelled in technology and innovation, operating eight cutting-edge soybean processing facilities and maintaining extensive non-GMO soybean fields. With over 250 patents, it was a global leader, prioritizing environmental sustainability and quality control. Its integrated supply chain, diverse product portfolio, and strategic partnerships contributed to its ongoing success and growth; and 3) X Plant-Based Meat Health Technology Co., Ltd. pursued a comprehensive strategy for sustainable growth in a competitive market. Key elements included niche market penetration, organizational excellence, channel expansion, production capacity enhancement, technical expertise development, and market protection through innovation. These strategies aimed to position the company for long-term success in the plant-based food industry.

Occupational health and safety management system and stock price crash risk

This study responds to the call of Ben-Nasr and Ghouma (2018) by providing more empirical evidence on stock price crash risk from the employee treatment perspective. With a focus on occupational health and safety management system (OHSMS), we examine whether corporate OHSMS adoption reduces stock price crash risk. We find that OHSMS adoption is negatively associated with crash risk. This negative relationship is more pronounced for SOEs than for non-SOEs, and for firms with higher levels of media coverage and with higher market competitive status. Employee welfare and internal control effectiveness are two channels through which OHSMS adoption affects crash risk. The current study extends to the health and safety factor, thus shedding new light on the determinants of crash risk. Our study also advances the understanding of the “responsible employee treatment – crash risk” relationship.

Performance enhancement in two‐stage innovation contests: Feedback and elimination schemes

AbstractInnovation is one of the driving forces of economic development and social progress, and the crowdsourcing contest is a well‐established mechanism for encouraging innovation. This paper examines two incentive schemes in two‐stage innovation contests: feedback and elimination. Feedback enhances the efforts by revealing the competitive status, and elimination intensifies the competition by removing less‐qualified participants. We build a game theoretical model to investigate how the organizer should design the feedback and elimination schemes and then analyze the equilibrium efforts and optimal contest design in four‐solver contests. The results suggest that the optimal design depends on the combined effects of the reward, effort sensitivity, and cost coefficiency. Elimination and nonelimination contests can be optimal under different conditions. Furthermore, we extend the equilibrium analysis to competitions with contestants and investigate the optimal design with numerical studies. The most interesting result is that the elimination contest with feedback from the organizer is an ideal option for a budget‐constrained enterprise that seeks an innovative solution from the public for a complex innovation project. Also, the optimal number of contestants in the second stage is not always two when feedback is combined with elimination.

ПУТИ ОПТИМИЗАЦИИ ПРОИЗВОДСТВЕННОЙ ПРОГРАММЫ ПРЕДПРИЯТИЯ ТОПЛИВНО-ЭКОНОМИЧЕСКОГО КОМПЛЕКСА

This article discusses the process of forming a production program for an enterprise in the energy industry. The relevance of the work lies in the fact that the success of an enterprise depends on a properly formed production program. In order for an enterprise to have competitive status in the market, it needs to properly organize its activities. The conditions for the dynamic development of consumer demand and the characteristics of the industry require high-quality organization of the production process. Therefore, there is a need to competently draw up a production program in order to reduce risks and obtain the greatest profit. The work proposed recommendations for improving the production program of an industrial enterprise.

A68: Volleyball Coaches' Leadership Behaviors and Athletes' Competition Anxiety

Purpose: Volleyball is not only a contest between technical and tactical levels, but also a duel between psychological and tactical aspects. Coaches' leadership behaviors play a key role in athletes' trust, team effectiveness and competition status. Coaches' leadership behaviors, as perceived from the athletes' perspective, have a greater impact on athletes' competition anxiety than the actual leadership behaviors of coaches. The purpose of this study was to examine how athletes perceived the possible role of coaches' leadership behaviors on college men's volleyball players' competition anxiety and the possible mediating effect of athletic self-confidence in it was examined. Methods: 216 athletes from 18 teams in the Men's Preliminary Volleyball Event of the Fourteenth Student Games of the People's Republic of China in 2020 were selected for the study. The questionnaire contained the Coaches' Leadership Behavior Scale, the Sports Competition State Anxiety Scale-2, and the Sports Self-Esteem Scale. The data collected were tested for reliability and validity and factor analysis using SPSS25.0 statistical software; structural equation model construction, goodness-of-fit tests, validation factor analysis and mediating effect tests were conducted using AMOS22.0 software. Results: (1) Positive feedback behavior by coaches had a significant negative effect on competition anxiety (standardized path coefficient of -0.205) and sport confidence mediated the effect value between the two -0.098 (32.3% of the total effect); (2) Socially supportive behavior had a significant negative effect on competition anxiety (standardized path coefficient of -0.294) and sport confidence mediated the effect value between the two -0.163 (35.7% of the total effect); (3) Coaches' authoritarian behavior had a significant positive effect on athletes' competition anxiety (standardized path coefficient 0.090). Sport confidence mediated the effect value between the two 0.059 (39.6% of the total effect); (4) Athletes' perceived training instructional behaviors had a significant negative effect on competition anxiety (standardized path coefficient of -0.261) and sport confidence mediated the effect value between the two -0.339 (56.5% of the total effect). Conclusion: (1) Among the five dimensions of athletes' perceived coaches' leadership behaviors, college men's volleyball athletes' perceived coaches' training guidance behaviors, social support behaviors, and positive feedback behaviors significantly reduced their own competition anxiety status, but the degree of impact varied; (2) the pathway of athletic self-confidence of college men's volleyball athletes' impact on competition anxiety was verified, and it was found that athletic self-confidence significantly reduced athletes' competition anxiety to a greater extent; (3) sport self-confidence partially mediated the relationship between athletes' perceived positive feedback behaviors from coaches, training guidance behaviors, social support behaviors and authoritarian behaviors and athletes' competition anxiety.

Competition Status and Strategic Analysis of NIO in the “Stockized” New Energy Vehicle Market

Competition Status and Strategic Analysis of NIO in the “Stockized” New Energy Vehicle Market

Особливості стратегічного управління конкурентоспроможністю компаній зі страхування життя

The article defines the features of strategic management of competitiveness of life insurance companies (LICs). It is specified that the development of insurance and the need to protect people from the increasing impact of various risks associated with their livelihood, such as loss of income as a result of loss of human ability to work or the death of a family breadwinner, have led to the emergence of life insurance companies. It is noted that any decisions aimed at ensuring competitive advantages are risky, since they are based on the inability to accurately predict how the competitive environment will affect the company’s actions. The competitiveness management strategy of a LIC should take into account how likely its relationship with the competitive environment is, as this significantly increases the level of uncertainty in the management process and creates a risk that the company will lose in competition. A model of strategic management of the competitiveness of a LIC has been developed, which is closely related to the managerial qualities of its activities, that is, it provides for a certain complex that has: components of management, strategic goals, tactical tasks of management. An algorithm for assessing the level of management of the competitiveness of LICs has been proposed, which is based not only on the assessment of the competitive position through the efficiency of management, but also reflects the effectiveness of the insurance company’s activities in the formation of competitive advantages in the process of struggle for effective demand, taking into account the conditions of the insurance market and the needs of consumers. It is concluded that one of the important conditions for effective strategic management of competitiveness of life insurance companies is the study of the insurance market and determination of the competitive status of the company in it. Assessment of the level of competitiveness of a LIC is mandatory for all market participants who seek to maintain their place or increase their competitiveness. It is proved that managing the competitiveness of a life insurance company is a priority direction of the organization’s management, since it determines the company’s ability to exist in the market.

КОМПЛЕКСНЕ ОЦІНЮВАННЯ МАРКЕТИНГОВОГО КОМПЛЕКСУ ПІДПРИЄМСТВА АГРАРНОЇ СФЕРИ В УМОВАХ ЦИФРОВІЗАЦІЇ ТА ГЛОБАЛІЗАЦІЇ БІЗНЕСУ

The article examines the issue of formation and comprehensive assessment of the marketing complex of agricultural enterprises both from the standpoint of increasing their efficiency on the local market, and in the context of increasing their competitiveness at the global level. The situation in agrarian business is significantly complicated by the fact that agricultural enterprises are mostly unable to quickly respond to adverse external challenges by optimizing the production structure and maintain the current level of financial and economic efficiency during global crisis events. The authors identified the main problems that agricultural producers had to face during the war: complicated logistics, a decrease in the purchasing power of the population, restrictions on the operation of agro-food markets, and in some regions, the closure of sales points for a while. Such conditions of operation revealed for the agrarian business its instability and vulnerability to uncertainties in the implementation of activities. Therefore, the development of agrarian enterprises is possible thanks to an effective marketing complex and the use of innovative methods, approaches, and digital technologies that will make it possible to reformat to the latest business conditions. Methodical approaches to the comprehensive assessment of the elements of the marketing complex of the enterprise based on the determination of the integral indicator of the effectiveness of marketing activities are analyzed. It has been proven that an enterprise can have a high indicator of the effectiveness of marketing activities, but this does not mean that it can stop there, because the agricultural market is a rather unstable environment and a stable position in the market today may be occupied by competitors tomorrow. Therefore, a list of measures is proposed in order to maintain a high level of effective marketing complex. It is well-founded that the introduction of digital technologies and tools in marketing activities brings many advantages to agricultural business. These benefits include improving the quality of products, improving communication with consumers, improving the image of the company, optimizing prices, and transparency of the company's internal and external processes. The use of digital tools will also help increase the competitive status of an agricultural enterprise and create a mechanism for implementing parity business conditions.

Economic aspects of enterprise liquidation

The article examines the scale of liquidation processes of enterprises in Ukraine. Among the key factors that should be considered while making a managerial decision to liquidate an enterprise are its financial position and performance, prospects of the company’s products, competitive status of the enterprise, as well as the owner’s willingness and ability to develop it, the possibility of legal prosecution, and constructiveness of the company’s creditors. The author provides the legal grounds for termination of a legal entity’s activities both in general and for certain types of business entities. The author presents the conceptual stages of voluntary liquidation of an enterprise with a description of typical actions. The author recognizes the duration of termination, expenses incurred and income received as the key parameters to be investigated in the process of decision-making and efficiency assessment of the enterprise liquidation. The author emphasizes the difficulty of predicting each of these parameters and the need for a thorough study of the legal requirements for certain stages of enterprise liquidation, which, if ignored, can significantly extend the duration of the process, increase the costs and losses for owners, and lead to a decrease in the level of payback of their investments. The main reasons for the delay in business liquidation include inspections of the company’s activities by state authorities, litigation in courts against the actions of the company as well as its counterparties, and difficulties in forming the liquidation mass. The article emphasizes the expediency of expanding the range of potential buyers through domestic e-sales systems and trading platforms. The author emphasizes the need for preliminary preparation of the process of company`s termination by arranging, first of all, labor relations and credit policy.

БЕНЧМАРКІНГ ЯК МЕТОД ДЛЯ ПОКРАЩЕННЯ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА

The article emphasizes the importance of improving management processes at the enterprise, using new approaches. Emphasis is placed on the need to master benchmarking technologies and their effective use. It is highlighted that the assessment of the firm's competitive status is formed by determining the level of the firm's strategic potential at each stage of its life cycle of competitive advantage. It is emphasized that at the current stage there is no consensus on the definition of the essence of benchmarking. Various definitions of the term "benchmarking" have been proposed. The statements of both domestic and foreign scientists are analyzed. A proper statement of the term "benchmarking" is proposed and its optimal meaning is determined. The main purpose and goals of benchmarking are highlighted and it is emphasized that the objects of benchmarking can be methods, processes, technologies, quality parameters of products,and indicators of financial and economic activity of the enterprise. The importance of taking into account the main principles of benchmarking, which determine its effectiveness, is emphasized. The main principles of benchmarking are proposed and the interpretation by the authors is analyzed. The main stages of benchmarking are highlighted and the interpretation of the stages by scientists is given. It is emphasized that conducting a benchmarking comparison requires focusing on key indicators of competitiveness. It is important to note that the benchmarking approach can be applied both independently and with the participation of a team of consultants. The positive consequences of the application of benchmarking are business improvement, awareness of the comparative state of the enterprise, obtaining a strategic advantage, and increasing the level of organizational knowledge. It is emphasized in the conclusions that benchmarking, as a tool, allows you to compare performance indicators and identify the strengths and weaknesses of the enterprise. In the perspective of further research, the introduction of practical application of benchmarking is envisaged in order to increase the effectiveness and logic of business processes and increase competitiveness.