Interfirm comparisons

Authors: Hutchinson JD
Publication: New Zealand Veterinary Journal, Volume 26, Issue 10, pp 244-245, Oct 1978
Publisher: Taylor and Francis

Animal type: General
Subject Terms: Management, Veterinary profession
Article class: Scientific Article

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Abstract: Interfirm comparisons are a method of assisting business firms and other organisations to improve their efficiency and profitability. Interfirm comparisons (IFC) adjust your financial accounts to allow for anomalies which distort the figures from a managerial decision-making point of view. A full IFC survey provides useful and meaningful information for the individual participant, and for the industry, which is not available from any other source. Decisions then need to be made in order to develop a sound set of strategies and plans that will result in a formal budget based on the IFC study. The results discussed in this paper are not adjusted, and they are from a small sample survey only.

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