IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxviiy2024i2p478-487.html
   My bibliography  Save this article

Economic Efficiency as a Factor of Enterprise Development

Author

Listed:
  • Ireneusz Miciula
  • Anna Bielawa
  • Dominika Krol-Smetak
  • Henryk Wojtaszek
  • Apoloniusz Kurylczyk
  • Michal Romanczuk
  • Malgorzata Chojnacka

Abstract

Purpose: The article aims to show economic efficiency as the main factor determining the possibility of functioning and development of enterprises. Approach/Methodology/Design: The main research methods are a review of national and world scientific and practical literature and case studies among businesses. Findings: The determinants of overall economic efficiency identified during the analysis will allow the development of practical recommendations for optimal management in enterprises, which results in opportunities for further growth in the global market economy. Practical Implications: The practical implications of the research results included in the article will constitute recommendations for activities in managing companies that can be used in business practice, which will translate into higher financial results. Originality/Value: The original value of the article is the analysis and classification of factors responsible for the economic efficiency of enterprises.

Suggested Citation

  • Ireneusz Miciula & Anna Bielawa & Dominika Krol-Smetak & Henryk Wojtaszek & Apoloniusz Kurylczyk & Michal Romanczuk & Malgorzata Chojnacka, 2024. "Economic Efficiency as a Factor of Enterprise Development," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 478-487.
    • Handle: RePEc:ers:journl:v:xxvii:y:2024:i:2:p:478-487
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/3413/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Olumide Emmanuel Oluyisola & Swapnil Bhalla & Fabio Sgarbossa & Jan Ola Strandhagen, 2022. "Designing and developing smart production planning and control systems in the industry 4.0 era: a methodology and case study," Journal of Intelligent Manufacturing, Springer, vol. 33(1), pages 311-332, January.
    2. Sharma, Anuj & Rana, Nripendra P. & Nunkoo, Robin, 2021. "Fifty years of information management research: A conceptual structure analysis using structural topic modeling," International Journal of Information Management, Elsevier, vol. 58(C).
    3. Judyta Kabus & Michał Dziadkiewicz & Ireneusz Miciuła & Marcin Mastalerz, 2022. "Using Outsourcing Services in Manufacturing Companies," Resources, MDPI, vol. 11(3), pages 1-20, March.
    4. Feng-Jyh Lin & ChihuFeng Lai, 2021. "Key factors affecting technological capabilities in small and medium-sized Enterprises in Taiwan," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 131-143, March.
    5. Matheus Koengkan & José Alberto Fuinhas & Emad Kazemzadeh & Fariba Osmani & Nooshin Karimi Alavijeh, 2022. "Measuring the economic efficiency performance in Latin American and Caribbean countries: An empirical evidence from stochastic production frontier and data envelopment analysis," International Economics, CEPII research center, issue 169, pages 43-54.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michal Romanczuk & Dominika Krol-Smetak & Pawel Stepien & Katarzyna Kazojc & Apoloniusz Kurylczyk, 2023. "Determinants of Management Efficiency Using IT Systems in the Context of Regionally Dispersed Construction Enterprises in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 960-972.
    2. Dominika Krol-Smetak & Ireneusz Miciula & Apoloniusz Kurylczyk & Malgorzata Chojnacka & Karolina Rogowska & Monika Rozycka, 2023. "Analysis of the Impact of Implemented IT Systems on the Economic Efficiency of Enterprises in the Construction Industry in the Context of Sustainable Development in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 901-915.
    3. Lixiang Zhang & Yan Yan & Yaoguang Hu, 2024. "Deep reinforcement learning for dynamic scheduling of energy-efficient automated guided vehicles," Journal of Intelligent Manufacturing, Springer, vol. 35(8), pages 3875-3888, December.
    4. Das, Kallol & Patel, Jayesh D. & Sharma, Anuj & Shukla, Yupal, 2023. "Creativity in marketing: Examining the intellectual structure using scientometric analysis and topic modeling," Journal of Business Research, Elsevier, vol. 154(C).
    5. Li Tang & Jennifer Kuzma & Xi Zhang & Xinyu Song & Yin Li & Hongxu Liu & Guangyuan Hu, 2023. "Synthetic biology and governance research in China: a 40-year evolution," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(9), pages 5293-5310, September.
    6. Mohamed M. Mostafa, 2023. "A one-hundred-year structural topic modeling analysis of the knowledge structure of international management research," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(4), pages 3905-3935, August.
    7. Broccardo, Laura & Tenucci, Andrea & Agarwal, Reeti & Alshibani, Safiya Mukhtar, 2024. "Steering digitalization and management control maturity in small and medium enterprises (SMEs)," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    8. Rita, Rui & Marques, Vitor & Bárbara, Diogo & Chaves, Inês & Macedo, Pedro & Moutinho, Victor & Pereira, Mariana, 2023. "Crossing non-parametric and parametric techniques for measuring the efficiency: Evidence from 65 European electricity Distribution System Operators," Energy, Elsevier, vol. 283(C).
    9. Tiago Fernando Musetti & Marcelo Seido Nagano & Alceu Gomes Alves Filho, 2024. "Analysis of strategic behavior in micro and small technology–based firms in brazil," Journal of International Entrepreneurship, Springer, vol. 22(1), pages 62-93, March.
    10. Yang, Xiaoxi & Zhang, Dansha & Masron, Tajul Ariffin, 2024. "The impact of smart city construction on achieving peak carbon neutrality: Evidence from 31 provinces in China," Land Use Policy, Elsevier, vol. 147(C).
    11. Carlos Cuartas & Jose Aguilar, 2023. "Hybrid algorithm based on reinforcement learning for smart inventory management," Journal of Intelligent Manufacturing, Springer, vol. 34(1), pages 123-149, January.
    12. Farheen Naz & Rohit Agrawal & Anil Kumar & Angappa Gunasekaran & Abhijit Majumdar & Sunil Luthra, 2022. "Reviewing the applications of artificial intelligence in sustainable supply chains: Exploring research propositions for future directions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2400-2423, July.
    13. Patanjal Kumar & Sachin Kumar Mangla & Yigit Kazancoglu & Ali Emrouznejad, 2023. "A decision framework for incorporating the coordination and behavioural issues in sustainable supply chains in digital economy," Annals of Operations Research, Springer, vol. 326(2), pages 721-749, July.
    14. Hsing-Chun Hung & Yuh-Wen Chen, 2023. "Striving to Achieve United Nations Sustainable Development Goals of Taiwanese SMEs by Adopting Industry 4.0," Sustainability, MDPI, vol. 15(3), pages 1-18, January.
    15. Chuan Li & Liangrong Song, 2022. "Regional Differences and Spatial Convergence of Green Development in China," Sustainability, MDPI, vol. 14(14), pages 1-16, July.
    16. Hussein Al-Zyoud & Asheref Illiyan & Vasim Akram, 2022. "Impact of Economic Openness on Macro Technical Efficiency in South Asia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 28(3), pages 91-103, November.
    17. Anupama Prashar, 2023. "Title: production planning and control in industry 4.0 environment: a morphological analysis of literature and research agenda," Journal of Intelligent Manufacturing, Springer, vol. 34(6), pages 2513-2528, August.
    18. Boysana Lephoi Mbonyane & Charles Mbohwa & Jan Harm Christiaan Pretorius, 2023. "Physical and Technological Capital Efficiency for Profit Growth in Small and Medium Enterprises in Gauteng, South Africa: A Descriptive Qualitative Study," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    19. Henryk Wojtaszek & Adam Stecyk & Dominika Krol-Smetak & Ireneusz Miciula & Agnieszka Wojcik – Czerniawska & Monika Rozycka & Malgorzata Chojnacka, 2024. "Methods for Assessing the Economic Efficiency of IT Projects," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 637-651.
    20. Juan Manuel Vargas-Canales, 2023. "Technological Capabilities for the Adoption of New Technologies in the Agri-Food Sector of Mexico," Agriculture, MDPI, vol. 13(6), pages 1-16, May.

    More about this item

    Keywords

    Management; economic efficiency; competition; private enterprises; economic conditions; finance; business and management; welfare development.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxvii:y:2024:i:2:p:478-487. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.