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The Economic Performance Between The Past, Present And Future

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  • BAKO KINGA ERZSEBET

    (UNIVERSITY 1 DECEMBRIE 1918 ALBA IULIA)

  • FULOP ARPAD ZOLTAN

    (UNIVERSITY 1 DECEMBRIE 1918 ALBA IULIA AND SAPIENTIA UNIVERSITY CLUJ-NAPOCA)

Abstract

Today the economic performance of enterprises is defined in a different way compared to traditional approaches, to understand the modern definitions will need to review the evolution of the concept from the beginnings until nowadays. In the traditional approach the economic performance of the enterprises was defined only by the perspective shareholders’, so the business owners, what is not surprising, as it was considered the source of rewarding investors and the main purpose of the business. Today a company is performing if he responds and at the economic level to the expectations of several stakeholder groups. In this article we review the evolution of these notions and we give a definition based on the modern approaches taking into account and the fact that, we can't discuss economic performance without social performance and environmental performance of an enterprise. In the last resort we aproach system measurement of the performance that meets the expectations generated by today's society.

Suggested Citation

  • Bako Kinga Erzsebet & Fulop Arpad Zoltan, 2017. "The Economic Performance Between The Past, Present And Future," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 220-226, December.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:1special:p:220-226
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    References listed on IDEAS

    as
    1. Lebas, Michel J., 1995. "Performance measurement and performance management," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 23-35, October.
    2. Assist. Mirela-Oana Pintea Ph.D Student & Lect. Monica-Violeta Achim, 2010. "Performance - An Evolving Concept," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-12, May.
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