WAYS TO IMPROVE THE PERFORMANCE OF AN ECONOMIC ENTITY WITH THE HELP OF MANAGERIAL ACCOUNTING. EMPIRICAL STUDY BY EXAMPLE: DEVELOPMENT OF AN ECONOMIC ENTITY IN THE PRODUCTION OF ELECTRICAL LIGHTING EQUIPMENT

Mihaela (STEFAN) Hint ()
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Mihaela (STEFAN) Hint: 1 Decembrie 1918 University, Alba Iulia, Romania

The USV Annals of Economics and Public Administration, 2019, vol. 19, issue 1(29), 153-160

Abstract: The transformations that have taken place in all sectors of economic and social life in order to define its evolution in order to integrate the branch branches according to the requirements of the technical and scientific progress in which the current economic environment operates due to profound transformations with the globalization and the accession to the European Union Directives, certain determinants such as: the implementation of new technologies; the legislative environment; the emergence of new competitors on the market, had a decisive impact on the radical transformation of economic entities. Their purpose is to maximize resources in order to increase efficiency and improve the quality of life. We are witnessing major changes in economic growth and sustainable development due to the globalization system. The performance of an economic entity means past, present, and future. That is why an entity needs to adopt innovative strategies, being as faithful as market evolution. Logistics, as the main economic language, must respond to the economic evolutions due to these transformations, answering the management of all its questions regarding the economic-fiscal indicators, the economic situations, a degree of responsibility for non-economic spending, jobs and internal reserves. Thus, the quality of information is very important in current, but especially future decisions.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:19:y:2019:i:1(29):p:153-160

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