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Management efficiency criteria for іndustrial enterprises

Author

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  • Alla Kraevska
  • Iryna Shvarts

Abstract

The article deals with an important problem of management - determination of criteria for the efficiency of management of industrial enterprises and evaluation of the effectiveness of this activity. After studying various approaches to the concept of "enterprise management efficiency", the expanded interpretation of this category as a set of criteria and methods of their evaluation, which in general have a clear date of a comprehensive research study of the concept, was substantiated. The article proposed such criteria for the efficiency of industrial enterprise management as financial, production, resource, marketing, innovation, risk and social. Since different indicators have different effects and significance on the efficiency of an industrial enterprise, to evaluate the integral indicator of the efficiency of industrial enterprise management, the expert survey method was used. The creation of an integral indicator of management efficiency makes it possible, firstly, to quickly analyze and compare enterprises of the industry in terms of management efficiency. Secondly, the use of a single coefficient is a good basis for internal monitoring of the dynamics of enterprise management efficiency. The integral indicator can take values from 0 to 1. The closer this value is to one, the better is the management efficiency of the industrial enterprise. The proposed integral indicator of the efficiency of industrial enterprise management makes it possible to determine the state of the enterprise, monitor the dynamics of development, and also creates ample opportunities for benchmarking, as it allows you to correctly compare different enterprises of the industry.To evaluate the integral indicator of the efficiency of industrial enterprise management, the expert survey method was used

Suggested Citation

  • Alla Kraevska & Iryna Shvarts, 2023. "Management efficiency criteria for іndustrial enterprises," Innovation and Sustainability Articles, Innovation and Sustainability, vol. 3(3), pages 22-27, August.
    • Handle: RePEc:cve:innsjn:v:3:y:2023:i:3:p:22-27
    DOI: https://doi.org/10.31649/ins.2023.3.22.27
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