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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
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    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

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