Evolution of the concepts of the efficiency of the enterprise

Nazar Mykolayovych Arhipov


Introduction. The problem of the effectiveness of the enterprise does not lose its relevance throughout the development of economic theory. People have always faced the problem to achieve the desired result at the least cost. It is not surprising that the concept of "efficiency" has originally appeared in economic literature, and later it was reflected in other branches of science. It is especially relevant in the applied economy due to the fact that the effective activity of the company is an indispensable condition for its existence in market conditions.

Purpose. The article aims to study the evolution of the concept of efficiency and on its basis to clarify the essence of the concept of "efficiency of the operation of the enterprise".

Results. The basic stages of the evolution of the concept of efficiency in the scientific economic thought have been determined. The modern approaches to the definition of "efficiency" have been analysed. Author's definition of efficiency has been given. The research which is based on the principles of a systematic approach has used the methods of abstraction, analysis and synthesis, systematization and generalization. 


efficiency; history of economic thought; enterprise activity; resource theory of the firm; theory of stakeholders

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DOI: http://dx.doi.org/10.35774/econa2017.03.159

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