OLD AND NEW CONFIGURATIONS REGARDING THE CONCEPT OF ECONOMIC PERFORMANCE

Lecturer Ovidia Doinea Ph. D.

Annals of University of Craiova - Economic Sciences Series, 2010, vol. 1, issue 38, 40-46

Abstract: The performance is generally known to be a special achievement in a field of activity. The measurement of performances represents a system of control techniques meant to make sure that the achievements from various centers of responsibility within the enterprise are in conformity with the norms established for each of them and to apply positive or negative sanctions if the achievements are sensitively off track from the selected norms. In the economic specialized literature, the performance is perceived in three different ways, respectively: performance - the strategic objectives’ achievement level; - defining performance depending on the creation of value; - efficiency versus efficacy in defining the performance. The performance of the enterprise is known nowadays under the name of sustainable development, a concept targeting the achievement of three objectives: - the growth of the enterprise’s financial performance; -the development of its surrounding environment’s efficacy; - the favoring of the social development.

Keywords: performance; economic performance; internal value; external value; sustainable development; efficiency; efficacy; enterprise. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/AUCSSE/0038v1-004.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2010:i:6:p:40-46

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).