The System of Evaluating the Company’s Efficiency as a Component of Efficient Management

Abstract

The article is aimed at studying the essence and features of efficiency of the company’s management, taking into account the concept of the company’s functioning or the model of organization, as well as substantiating approaches to evaluating the efficiency of the company’s functioning. The works of foreign and domestic scholars on the issues of management of companies, ensuring the efficiency of the company’s functioning, development and improving the instrumentarium of evaluating the efficiency of the company’s functioning are analyzed. The models of the organization of the company’s functioning are generalized, their features are defined, approaches to efficiency evaluation within terms of each model are concretized. Particular attention is paid to considering the efficiency of the company’s functioning as an integral criterion of positive organizational change or a criterion of organizational development. Also generalized are the approaches to defining and evaluating the efficiency of the company’s functioning from the point of view of evolution of scientific thought regarding the management process and organization; a system of evaluation criteria regarding the company’s functioning that characterize both the evolution stages of companies within the time frame of the conceptions themselves and the life cycle of an individual company is defined.

Keywords

• management
• company management
• efficiency of functioning
• evaluation of efficiency