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Towards a conceptualization of a social efficiency notion in management sciences

Author

Listed:
  • Tadeusz A. Grzeszczyk

    (Warsaw University of Technology)

  • Jacek Pełszynski

    (Polish National Health Fund in Warsaw)

Abstract

Motivation: In the past, economic efficiency was a key criterion for assessing different types of activities undertaken by various organizations. It has been noticed that acquiring economic efficiency cannot be the only goal, and efficiency notion has many meanings. Processes and projects should be economically effective, at the same time being harmful to different social interests. There are difficulties in understanding and conceptualization of social efficiency notion in management sciences research, and, in particular, in the area of project management. Aim: This research aims to contribute to filling the gap concerning a conceptualization of a social efficiency notion in management sciences, with particular emphasis on the field of project management. Results: Achieving paper goal may simplify communication in the scientific community using the social efficiency concept, exchange of scientific information, further work related to operationalization of this concept and development methods for its measurement. Further work on social efficiency evaluation methods may facilitate considerations regarding the transition from the social efficiency notion phase to the concept phase and the idea of using social points for estimating obtained social effects. This opens the way for the development of more objective measurement principles and methods that do not require monetization of social impact, which is now commonly used e.g. in models like Social Return on Investment.

Suggested Citation

  • Tadeusz A. Grzeszczyk & Jacek Pełszynski, 2020. "Towards a conceptualization of a social efficiency notion in management sciences," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 19(1), pages 33-46, March.
    • Handle: RePEc:cpn:umkeip:v:19:y:2020:i:1:p:33-46
    DOI: 10.12775/EiP.2020.003
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    References listed on IDEAS

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    2. Louis Lefeber & Thomas Vietorisz, 2007. "The Meaning of Social Efficiency," Review of Political Economy, Taylor & Francis Journals, vol. 19(2), pages 139-164.
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    4. Ross Millar & Kelly Hall, 2013. "Social Return on Investment (SROI) and Performance Measurement," Public Management Review, Taylor & Francis Journals, vol. 15(6), pages 923-941, September.
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    More about this item

    Keywords

    efficiency evaluation; social efficiency conceptualization; project management; terminology;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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