Indicator Models For Assessing The Effectiveness Of Business
Indicator Models For Assessing The Effectiveness Of Business
Author(s): Marinko Markić, Branka MarkovićSubject(s): Economy
Published by: Fakultet za poslovne studije i pravo
Keywords: measurement of performance efficiency; business system; the organization
Summary/Abstract: The effectiveness of business systems is a key issue for survival of these systems (but not only them). Hence, the need of modern management theory that focuses its interest to the question how to ensure the effectiveness of business system. However, in order for management theory to give an answer to the question it is important to resolve some "technical" issues among which, of course, is those related to measuring the effectiveness of business systems, because if you do not know how to express the effectiveness of business systems, it is difficult to say whether commercial system is realized or not realized adequate effectiveness. The purpose of this paper is to presents potential approaches to measuring the effectiveness of business systems and then develops a model by means of standard indicators that will be best able to express the efficiency of business systems.
Journal: International Journal of Economics & Law
- Issue Year: 2/2012
- Issue No: 5
- Page Range: 58-64
- Page Count: 7
- Language: English