Systematic and continuous process of measuring and comparing business results of
companies regarding to business results of leaders, in order to obtain information that
will help the company to take action to improve its performance, is in a function of
improving business operations. Accordingly, the first objective of this paper is, based
on the coefficient of separability, to determine which indicators of business conditions
and business results have the greatest impact on differences in the business operations
of the observed SMEs operating in the food industry. The second objective of this work
is to make the ranking of companies based on the business conditions and business
results using discriminant analysis (I-distance), and then, to determine the overall
rank of companies using general ranking coefficient (Ker). The results show that
companies are significantly separated according to business results rather than to
business conditions, and in addition, the business results also had a crucial impact on
the overall rank of each company