Management Theory and Studies for Rural Business and Infrastructure Development, Volume 36, Number 3

Possibilities of best practices method application in agricultural organizations

Audrius Gargasas, Deividas Juodis

Abstract

Agricultural organizations (companies, farms) trying to increase operational efficiency with the lowest cost. To achieve this, their can use the "benchmarking" or best practice (BP) approach – this is a comparison of one business organization versus the other, which should be guided by the best solutions, the latest technology, improved business processes and product quality, operate at the lowest cost, increase business productivity, encourage creativity, innovation and meets the consumers demands as well as higher business performance levels. The aim of the article is to analyse theoretical aspects of the BP achieving methods and to present possibilities and features of its  application to agricultural organizations. Research methodology – analysis of Lithuanian and foreign scientific literature its generalization, grouping and structuring. In the article is proposed the  methodology of BP method application in agricultural organizations; the methodology consists of four phases of the ten stages.

JEL codes: Q13, L21, L25.

Keyword(s): best practices approach, agricultural enterprise, benchmarking


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DOI: http://dx.doi.org/10.15544/mts.2014.046

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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.