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What do we mean by "company performance"?

Author

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  • CLAUDIU MARIAN GRUIAN

    (West University of Timişoara)

Abstract

This article examines existing approaches in the Romanian and foreign academic literature concerning the concept of company performance. It demonstrates that this concept is used very often but rarely defined and not sufficiently understood. Most studies go to performance measurement and improvement without further theoretic explanation and clarification. After analyzing the existing opinions the article mostly clarifies the significance of microeconomic performance, and other related concepts: productivity, efficiency, effectiveness, profitability and identifies the links between them. It recommends a common understanding of these concepts and all other concepts used in economics to give more precision and rigor to field science and avoid any ambiguity. For some terms it is yet difficult to unify the various contributions of authors because sometimes these are contradictory. Thus some authors may still use different approaches.

Suggested Citation

  • Claudiu Marian Gruian, 2010. "What do we mean by "company performance"?," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 243-255, December.
  • Handle: RePEc:cbu:jrnlec:y:2010:v:4.i:p:243-255
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    Cited by:

    1. Kamer-Ainur Aivaz & Roxana-Andreea Mirea, 2020. "Predilection for Investments and Profitability Trends of Artistic Activities in Constanta County," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 75-82, December.

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