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Dynamic model of the efficiency of small enterprises

Author

Listed:
  • Agnieszka Parkitna

    (Wrocław University of Science and Technology, Poland)

  • Magdalena Gądek

    (WSB Merito University in Wrocław, Poland)

Abstract

Previous considerations on the theory of the efficiency of small enterprises in the literature have not led to the creation of a comprehensive model. This is due to the ambiguity of the concept of efficiency and the lack of consistency in the subject matter. In the traditional approach, the efficiency measures needed to be improved for managing small organisations that compete in a turbulent environment. The measures included in the literature mainly refer to financial issues, whereas to a minimal extent, they refer to the future efficiency of the organisation. Therefore, the need to organise the problems raised in theoretical and research areas was indicated. This study aims to create a dynamic model of efficiency in a small enterprise. Quantitative analysis based on a representative sample of 455 organisations allowed the verification of the hypotheses, resulting in a comprehensive model of the efficiency of small enterprises. The empirical model coincided with the conceptual model. The model was validated on a sample of 336 service companies. On this basis, the company's efficiency occurs in a continuous cycle of its elements: economic efficiency, manufacturing efficiency, and effectiveness.

Suggested Citation

  • Agnieszka Parkitna & Magdalena Gądek, 2023. "Dynamic model of the efficiency of small enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 11(1), pages 306-330, September.
    • Handle: RePEc:ssi:jouesi:v:11:y:2023:i:1:p:306-330
    DOI: 10.9770/jesi.2023.11.1(19)
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    References listed on IDEAS

    as
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    3. Hamed Taherdoost, 2016. "How to Design and Create an Effective Survey/Questionnaire; A Step by Step Guide," Post-Print hal-03741839, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Small and medium enterprises (SME); economic efficiency; effectiveness; manufacturing efficiency;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • M29 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Other
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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