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Enterprise Efficiency Sources in the Contemporary Business Environment

Author

Listed:
  • Domanović Violeta

    (University of Kragujevac, Faculty of Economics, Serbia)

  • Janjić Vesna

    (University of Kragujevac, Faculty of Economics, Serbia)

Abstract

The issue of improving the efficiency of business operations is of particular importance in the conditions of modern business environment. For managers, the big challenge is how to achieve and to maintain, not to mention how to improve efficiency in a highly heterogeneous, complex, uncertain and unpredictable business environment. Significant sources of enterprise efficiency in a modern business environment are enterprise restructuring, business activities, as well an integrated approach to cost management, which is becoming an increasingly important determinant of business success and a source of competitive advantage. The paper provides an overview of theoretical and empirical research of the effects of certain sources on the performance of the enterprise. The conclusion is that only the complementary exploitation of all sources contributes to improving the efficiency of the enterprise in the long run.

Suggested Citation

  • Domanović Violeta & Janjić Vesna, 2018. "Enterprise Efficiency Sources in the Contemporary Business Environment," Economic Themes, Sciendo, vol. 56(3), pages 321-334, September.
    • Handle: RePEc:vrs:ecothe:v:56:y:2018:i:3:p:321-334:n:3
    DOI: 10.2478/ethemes-2018-0019
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    References listed on IDEAS

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    More about this item

    Keywords

    efficiency; restructuring; integrated cost management;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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