Efficiency of enterprise’s activity: essence, genesis, content of approaches.

Abstract

Economics, as a science, studies the processes associated with the production management in conditions of limited resources. The purpose of the economic activity, the environment and the conditions of operation determine the need to ensure the efficiency of the companies. This focus has emerged historically, based on the very origins, aims of entrepreneurial activity – meeting the public and owner’s needs. Finding out whether an enterprise is efficient is a multidimensional complex question, the relevance of which has remained from the beginning of the first efficiency evaluating methods’ application, which, finally, are a tool for creating information and analytical support for the enterprise’s activities management.

The article examines the genesis of approaches of firm efficiency assessment. Existing methods of the company efficiency assessment and their role are analyzed. Using these methods, gives an opportunity to obtain information on the level of entity efficiency. This information, in turn, is a source of development of management decisions to preserve the achieved results, for potential opportunities search of improving the company’s results, ensuring efficient and stable development.