Economic Efficiency as a Factor of Enterprise Development

Ireneusz Miciula, Anna Bielawa, Dominika Krol-Smetak, Henryk Wojtaszek, Apoloniusz Kurylczyk, Michal Romanczuk and Malgorzata Chojnacka

European Research Studies Journal, 2024, vol. XXVII, issue 2, 478-487

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.

Keywords: Management; economic efficiency; competition; private enterprises; economic conditions; finance; business and management; welfare development. (search for similar items in EconPapers)
JEL-codes: A11 C82 D61 F16 I31 L21 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxvii:y:2024:i:2:p:478-487

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