engleski

Business Efficiency of the 400 biggest Croatian Enterprises: Theoretical and Empirical Analysis

Enterprise business efficiency is reflecting a level in achieving convenient and acceptable relations between inputs and outputs. The efficiency can be achieved by producing products and services "in a right way", which means at a profit. Business indicators are the one of the most frequently used instruments in business research and analysis. The simplicity in their shape and use is the reason why we have a lot of business indicators, which led us to the following questions: 1. which one and how many to choose, 2. how to make a ranking between them, 3. how to incorporate many indicators into a final conclusion and 4. how to choose a base for comparison. The hierarchy of pre-indicators is of great importance for the integrative management system since it makes transparent those signs that are highly important in management and business efficiency. The concept of pre-indicator hierarchy makes a good base for the choice of several relevant business efficiency indicators. It also makes their mutual relationship more understandable and clear. The business efficiency empirical research of 400 biggest Croatian enterprises was measured within a 4-year period (1996.-1999.) The results of this research are determined by available data which have been statistically calculated using average value analyse. Given results have triple values: 1. they are reflecting a typical business efficiency for Croatian biggest enterprises, 2. they are showing changes in business efficiency in a 4-year period, and finally 3. they can be used like objective basis for efficiency comparison in any enterprise.

efficiency

nije evidentirano