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Performance, Efficiency and Efficacy – Approach for an Economy Based on Knowledge

Author

Listed:
  • Butnaru Gina Ionela

    („Alexandru Ioan Cuza” University of Iasi)

Abstract

Performance is a very contemporary concept, which in the specialists’ opinion has two components: efficacy and efficiency. Consequently, the knowledge society approach of performance generates the result of the knowledge revolution. The value that could be generated by knowledge depends on this performance. The present work has the intention to present several specific aspects concerning the concepts of performance and managerial performance, and their classification in a society of knowledge and information, called knowledge based economy, or knowledge society.

Suggested Citation

  • Butnaru Gina Ionela, 2011. "Performance, Efficiency and Efficacy – Approach for an Economy Based on Knowledge," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 306-310, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:306-310
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    More about this item

    Keywords

    knowledge society; performance; and managerial performance:;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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