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ANALYSIS OF INTER-ENTERPRISE COMPARISON METHODS OF PERFORMANCE AND COMPETITIVENESS OF ENTERPRISES
Abstract
The basis for each successful economy is the performance and competitiveness of its core enterprise entities. Rising competition, which is caused by growing globalization processes, forces enterprises to evaluate their performance not only from the point of view of past financial results, but at the same time to compare their achieved results with competition in the relevant sector. Enterprises are exposed to ever stronger competition from globalization, leading to increased flexibility of all actors in the national and world economy, and to improving their performance and competitiveness. The paper deals with the analysis of methods of inter-company comparison of financial performance and competitiveness of enterprises operating in the sphere of information technologies in the Slovak market. Financial performance was assessed using selected financial indicators, selected prediction models as well as modern performance evaluation concepts. Using appropriate statistical methods, input indicators were selected for compiling the inter-enterprise comparison model in terms of the financial performance and competitiveness of the analyzed enterprises in the market space in Slovakia.
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