PERFORMANCE AND VALUES IN ECONOMIC ORGANIZATIONS
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Authors:
• Emilia VASILE, email: rector@univat.ro, Afiliation: Athenaeum” University Bucharest, România
• Ion CROITORU , email: ion.croitoru.ag@gmail.com, Afiliation: Athenaeum” University Bucharest, RomâniaPages:
• 9|17 -
Keywords: economy, efficiency, effectiveness, performance measurement, organization, performance, performance valences, financial statements
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Abstract:
The performance of an organization is influenced by the way in which organizations define their mission and provide the resources needed to carry out activities, how each employee knows their responsibilities, and the quality of communication at all levels. In view of the increase in organizational performance, it is necessary to create and implement systems and procedures that will harmonize the budget execution process with the allocation of resources, minimize the costs and ensure the highest level of achievement of the established objectives. Performance measurement is performed using performance indicators that allow for quantification of costs, measurement of activity efficiency as a result of efforts and results, measurement of effectiveness of achievement of objectives, measurement of financial result. Attention must be focused on assessing the extent to which the human resource achieves its objectives and fulfills the performance criteria, as it is the decisive factor that decides on the level of performance.
