The Effectiveness and Economic Efficiency in the Context of Performance Management at the Firm Level

Abstract

Considering that firm performance is incomplete without addressing associated risk to fulfill it, the main objective of this research is to underline the management contribution to the performance and risk of the analyzed enterprise. A detailed financial situation analysis, which are employing annual financial analysis procedures, underling the performance and risks influencing factors, are considering one starting point for addressing the issue. The introduced variables are insuring a whole vision of firm activity and an appropriate strategy for results significance.

Keywords

• performance management
• firm’s risks
• performance management breakeven analysis
• global risk evaluation
• balanced scorecard