MANAGEMENT BY OBJECTIVES - FACTOR OF GROWTH IN ORGANIZATIONAL PERFORMANCE

Emilia Vasile () and Ion Croitoru ()
Additional contact information
Emilia Vasile: Athenaeum University, Bucharest, Romania
Ion Croitoru: Athenaeum University, Bucharest, Romania

Internal Auditing and Risk Management, 2018, vol. 52, issue 4, 44-53

Abstract: The complexity of the social, political and economic environment over the last period of time has generated a process of professionalisation of organizational management in order to implement the concept of performance within economic organizations. This was due to the difficulties encountered in accepting the concept of performance and the setting of criteria and performance measurement indicators. The performance of economic organizations in practice is characterized by: economy - obtaining the necessary resources at the lowest cost, efficiency – maximizing the results obtained from a given amount of resources, or minimizing the amount of resources for a planned outcome and effectiveness – the results achieved achieve the expected results. The determination of the level of organizational performance is determined by how human, material, informational and financial resources are used to achieve the proposed objectives to the level of expectations and how they satisfy the organizational interest.

Keywords: efficiency; effectiveness; performance indicators; goal management; economic organizations; organizational performance; organizational performance (search for similar items in EconPapers)
JEL-codes: M00 M41 M42 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://aimr.univath.ro/download/1167_04.pdf (application/pdf)
http://aimr.univath.ro/en/article/MANAGEMENT-BY-OB ... ERFORMANCE~1167.html (text/html)

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:ath:journl:v:52:y:2018:i:4:p:44-53

Access Statistics for this article

Internal Auditing and Risk Management is currently edited by Emilia Vasile

More articles in Internal Auditing and Risk Management from Athenaeum University of Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Cosmin Catalin Olteanu and Emilia Vasile ().