Managing the public companies' outcome as business performances

Abstract

Due to the presence of imperfections of modern market surroundings the existence of a mixed economy is necessary, that is, private companies as well as state- owned companies. State-owned companies have a decreased efficiency of their business due to the existence of organizational and individual limitations. In order for a public company to come as closer as possible to the Pareto optimal during its business dealings it is necessary to manage the profit, outputs and other performances of state company businesses efficiently.

Keywords

• public company
• profit
• output
• performance