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Economic Efficiency as a Factor of Enterprise Development

Author

Listed:
  • Ireneusz Miciula
  • Anna Bielawa
  • Dominika Krol-Smetak
  • Henryk Wojtaszek
  • Apoloniusz Kurylczyk
  • Michal Romanczuk
  • Malgorzata Chojnacka

Abstract

Purpose: The article aims to show economic efficiency as the main factor determining the possibility of functioning and development of enterprises. Approach/Methodology/Design: The main research methods are a review of national and world scientific and practical literature and case studies among businesses. Findings: The determinants of overall economic efficiency identified during the analysis will allow the development of practical recommendations for optimal management in enterprises, which results in opportunities for further growth in the global market economy. Practical Implications: The practical implications of the research results included in the article will constitute recommendations for activities in managing companies that can be used in business practice, which will translate into higher financial results. Originality/Value: The original value of the article is the analysis and classification of factors responsible for the economic efficiency of enterprises.

Suggested Citation

  • Ireneusz Miciula & Anna Bielawa & Dominika Krol-Smetak & Henryk Wojtaszek & Apoloniusz Kurylczyk & Michal Romanczuk & Malgorzata Chojnacka, 2024. "Economic Efficiency as a Factor of Enterprise Development," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 478-487.
    • Handle: RePEc:ers:journl:v:xxvii:y:2024:i:2:p:478-487
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    References listed on IDEAS

    as
    1. Olumide Emmanuel Oluyisola & Swapnil Bhalla & Fabio Sgarbossa & Jan Ola Strandhagen, 2022. "Designing and developing smart production planning and control systems in the industry 4.0 era: a methodology and case study," Journal of Intelligent Manufacturing, Springer, vol. 33(1), pages 311-332, January.
    2. Sharma, Anuj & Rana, Nripendra P. & Nunkoo, Robin, 2021. "Fifty years of information management research: A conceptual structure analysis using structural topic modeling," International Journal of Information Management, Elsevier, vol. 58(C).
    3. Judyta Kabus & Michał Dziadkiewicz & Ireneusz Miciuła & Marcin Mastalerz, 2022. "Using Outsourcing Services in Manufacturing Companies," Resources, MDPI, vol. 11(3), pages 1-20, March.
    4. Feng-Jyh Lin & ChihuFeng Lai, 2021. "Key factors affecting technological capabilities in small and medium-sized Enterprises in Taiwan," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 131-143, March.
    5. Matheus Koengkan & José Alberto Fuinhas & Emad Kazemzadeh & Fariba Osmani & Nooshin Karimi Alavijeh, 2022. "Measuring the economic efficiency performance in Latin American and Caribbean countries: An empirical evidence from stochastic production frontier and data envelopment analysis," International Economics, CEPII research center, issue 169, pages 43-54.
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    More about this item

    Keywords

    Management; economic efficiency; competition; private enterprises; economic conditions; finance; business and management; welfare development.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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