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Management By Objectives - Factor Of Growth In Organizational Performance

Author

Listed:
  • Emilia VASILE

    (Athenaeum University, Bucharest, Romania)

  • Ion CROITORU

    (Athenaeum University, Bucharest, Romania)

Abstract

The complexity of the social, political and economic environment over the last period of time has generated a process of professionalisation of organizational management in order to implement the concept of performance within economic organizations. This was due to the difficulties encountered in accepting the concept of performance and the setting of criteria and performance measurement indicators. The performance of economic organizations in practice is characterized by: economy - obtaining the necessary resources at the lowest cost, efficiency – maximizing the results obtained from a given amount of resources, or minimizing the amount of resources for a planned outcome and effectiveness – the results achieved achieve the expected results. The determination of the level of organizational performance is determined by how human, material, informational and financial resources are used to achieve the proposed objectives to the level of expectations and how they satisfy the organizational interest.

Suggested Citation

  • Emilia VASILE & Ion CROITORU, 2018. "Management By Objectives - Factor Of Growth In Organizational Performance," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 52(4), pages 44-53, December.
    • Handle: RePEc:ath:journl:v:52:y:2018:i:4:p:44-53
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    References listed on IDEAS

    as
    1. Emilia Vasile & Ion Croitoru, 2012. "Integrated Risk Management System - Key Factor of the Management System of the Organization," Chapters, in: Nerija Banaitiene (ed.), Risk Management - Current Issues and Challenges, IntechOpen.
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      More about this item

      Keywords

      efficiency; effectiveness; performance indicators; goal management; economic organizations; organizational performance; organizational performance;
      All these keywords.

      JEL classification:

      • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
      • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
      • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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