ВUSINESS EFFICIENCY: MACRO AND MICRO DIMENSIONS.

Autor: Koibichuk, Vitalia, Bozenko, Viktoria, Dziubenko, Oleh, Petryk, Serhii, Drozd, Serhii, Lieonov, Hlib
Předmět:
Zdroj: Financial & Credit Activity: Problems of Theory & Practice; 2022, Vol. 5 Issue 46, p407-416, 10p
Abstrakt: Knowledge about the beginning and intermediate stages of production and the end of the business process is the only way to develop a modern competitive business in the market. To stay afloat, companies need to constantly evolve and maintain a high level of efficiency in the working business process and introduce innovative methods to improve the quality of activities and efficiency. Business development is impossible without receiving various support from the state. Each country should understand how decisions on freedoms and restrictions in doing business will affect the economy and business. The purpose of the study is to review the tools for determining the efficiency of business processes and improving the activity of socio-economic objects where these business processes are implemented, as well as find the levels of efficiency of a group of countries in the world and provide recommendations for achieving a potentially possible marginal level of efficiency. The meaningful essence of such concepts as business process, innovativeness, and innovative activity was determined, and the advantages of the implementation of innovative methods were revealed. Process documentation is described in detail, and methodological recommendations for using tools for improving existing business processes are developed. To understand the levels of efficiency at all stages of the process execution, possible ways of measuring efficiency are described. The value of the efficiency of the countries relative to the efficiency benchmark was obtained using the CCR and BCC analysis methods. Using the Frontier Analyst Application software analysis package, a list of recommendations for achieving benchmark performance has been created. The use of the above methods for measuring the effectiveness of the process and the presented methodology for creating a description of the business process makes it possible to determine the strengths and weaknesses of the existing business processes. Each such growth of small and medium-sized businesses as a whole provides an impetus to the development of the national economy of the country. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index