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The “Effective Sme” In A Multidimensional Approach

Author

Listed:
  • Dalila NOUAR

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

  • Péter POPOVICS

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

Abstract

For many years, efficiency was primarily reduced to the financial dimension. The study of this type of efficiency aimed to edge the profitability and market share expected by the owners to ensure the sustainability of the company. The following paper aims to define SME efficiency in a wider and more relevant approach. A few years ago, the exclusive importance of the financial dimension shifted, and a multidimensional, multi-aspect efficiency came to the fore, which also affects social and environmental dimensions. Other actors appeared, and the concept of efficiency was reconsidered. Today, the sustainability of companies no longer depends only on their financial aspects, but also on their behavior towards the actors concerned. Therefore, the responsibility of enterprises extends not only to the owners but also to many other actors, such as employees, customers, suppliers, government, etc. In this context, the concept of “global efficiency” appears.

Suggested Citation

  • Dalila NOUAR & Péter POPOVICS, 2022. "The “Effective Sme” In A Multidimensional Approach," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 19, pages 65-70, July.
    • Handle: RePEc:cmj:networ:y:2022:i:19:p:65-70
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    More about this item

    Keywords

    SME; Effectiveness; Multidimensional; Efficiency; Performance;
    All these keywords.

    JEL classification:

    • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices

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