Goals, Production Factors and Results

Peter Eichhorn and Ian Towers
Additional contact information
Peter Eichhorn: OPINIO Forschungsinstitut
Ian Towers: SRH Hochschule Berlin

Chapter 5 in Principles of Management, 2018, pp 115-155 from Springer

Abstract: Abstract The chapter discusses the role of goals for economic entities. Different types of goals are identified, such as original and derived goals, successive and simultaneous goals, complementary and competing goals. Goals become part of a goal system with formal goalsGoals formal and economic, ecological and social goals. Different forms of economic entity have different goal systems and goal concepts. The factors of production are discussed, and a universal system of factors is introduced consisting of seven interlinked factors of productionFactors of production personnel : personnel, capital, material, energy, services, the law and the natural environment. The use of factors as inputs is discussed along with the diseconomiesDiseconomies they can cause. The outcomesOutcomes of the use of factors of production are discussed, with output, outcome and impact being identified as types of result. The chapter concludes by reviewing ways in which the effects can be measured.

Keywords: Goal Concept; Economic Entities; Economic efficiencyEconomic Efficiency; employeesEmployees; Substantive Goals (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sptchp:978-3-319-70902-4_5

Ordering information: This item can be ordered from
http://www.springer.com/9783319709024

DOI: 10.1007/978-3-319-70902-4_5

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().