2001Austrian Economic QuarterlyRequires access

Benchmarking of Economic Framework Conditions at Company Level

Michael Böheim

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Abstract

A company's own assessment of a given location often contradicts the results of external analyses of competitiveness. Whereas the latter are based on scientific methods yielding intersubjectively reproducible results, the former reflects the subjective view of the enterprise. For the purposes of economic policy, both methods may be used as valuable sources of complementary information: while external analyses of competitiveness serve to determine the "hard facts", internal studies are a targeted way of identifying locational deficits.

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A company's own assessment of a given location often contradicts the results of external analyses of competitiveness. Whereas the latter are based on scientific methods yielding intersubjectively reproducible results, the former reflects the subjective view of the enterprise. For the purposes of economic policy, both methods may be used as valuable sources of complementary information: while external analyses of competitiveness serve to determine the "hard facts", internal studies are a targeted way of identifying locational deficits.

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Available abstract

A company's own assessment of a given location often contradicts the results of external analyses of competitiveness. Whereas the latter are based on scientific methods yielding intersubjectively reproducible results, the former reflects the subjective view of the enterprise. For the purposes of economic policy, both methods may be used as valuable sources of complementary information: while external analyses of competitiveness serve to determine the "hard facts", internal studies are a targeted way of identifying locational deficits.

Key concepts: Benchmarking, Industrial organization, Business, Economics, Management science, Marketing

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