Economic Performance And The Role Of Strategic Accounting In Eu Countries

Performance management and strategic accounting are interlinked, both contributing to long-term organizational objectives. An effective integration of these two areas can give an organization a clearer vision and greater control over performance and strategic direction. These concepts are key to guiding organizations to success by providing a sound basis for decision-making and creating an environment in which employees can contribute effectively and are motivated to achieve their goals. In general, healthy economic performance can lead to increased competitiveness and this can contribute to improved economic performance. Contributing factors may include innovation, quality of human resources, infrastructure, tax and monetary policy, as well as government regulation and access to international markets. In boosting economic performance, innovation plays a key role in generating growth, competitiveness, efficiency and significant improvements in a variety of economic sectors and areas.