THE ECONOMIC PERFORMANCE BETWEEN THE PAST, PRESENT AND FUTURE

Bako Kinga Erzsebet and Arpad-Zoltan Fulop
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Bako Kinga Erzsebet: UNIVERSITY 1 DECEMBRIE 1918 ALBA IULIA

Annals - Economy Series, 2017, vol. 1Special, 220-226

Abstract: Today the economic performance of enterprises is defined in a different way compared to traditional approaches, to understand the modern definitions will need to review the evolution of the concept from the beginnings until nowadays. In the traditional approach the economic performance of the enterprises was defined only by the perspective shareholders’, so the business owners, what is not surprising, as it was considered the source of rewarding investors and the main purpose of the business. Today a company is performing if he responds and at the economic level to the expectations of several stakeholder groups. In this article we review the evolution of these notions and we give a definition based on the modern approaches taking into account and the fact that, we can't discuss economic performance without social performance and environmental performance of an enterprise. In the last resort we aproach system measurement of the performance that meets the expectations generated by today's society.

Keywords: economic performance; performance; performance management (search for similar items in EconPapers)
Date: 2017
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