THE ECONOMIC PERFORMANCE BETWEEN THE PAST, PRESENT AND FUTURE
Today the economic performance of enterprises is defined in a different way compared to traditional approaches, to understand the modern definitions will need to review the evolution of the concept from the beginnings until nowadays. In the traditional approach the economic performance of the ente...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2017-11-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2017-Volumul%201%20Special/31_Bako.pdf |
| Summary: | Today the economic performance of enterprises is defined in a different way compared to traditional approaches, to
understand the modern definitions will need to review the evolution of the concept from the beginnings until nowadays.
In the traditional approach the economic performance of the enterprises was defined only by the perspective
shareholders’, so the business owners, what is not surprising, as it was considered the source of rewarding investors
and the main purpose of the business. Today a company is performing if he responds and at the economic level to the
expectations of several stakeholder groups. In this article we review the evolution of these notions and we give a
definition based on the modern approaches taking into account and the fact that, we can't discuss economic
performance without social performance and environmental performance of an enterprise. In the last resort we
aproach system measurement of the performance that meets the expectations generated by today's society. |
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| ISSN: | 1844-7007 1844-7007 |