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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2023-05-12  |  Accepted: 2023-09-23  |  Published: 2023-09-30

Title

Dynamic model of the efficiency of small enterprises


Abstract

Previous considerations on the theory of the efficiency of small enterprises in the literature have not led to the creation of a comprehensive model. This is due to the ambiguity of the concept of efficiency and the lack of consistency in the subject matter. In the traditional approach, the efficiency measures needed to be improved for managing small organisations that compete in a turbulent environment. The measures included in the literature mainly refer to financial issues, whereas to a minimal extent, they refer to the future efficiency of the organisation. Therefore, the need to organise the problems raised in theoretical and research areas was indicated. This study aims to create a dynamic model of efficiency in a small enterprise. Quantitative analysis based on a representative sample of 455 organisations allowed the verification of the hypotheses, resulting in a comprehensive model of the efficiency of small enterprises. The empirical model coincided with the conceptual model. The model was validated on a sample of 336 service companies. On this basis, the company's efficiency occurs in a continuous cycle of its elements: economic efficiency, manufacturing efficiency, and effectiveness.


Keywords

Small and medium enterprises (SME), economic efficiency, effectiveness, manufacturing efficiency


JEL classifications

C83 , D24 , M29 , O52


URI

http://jssidoi.org/jesi/article/1119


DOI


Pages

306-330


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Parkitna, Agnieszka
Wrocław University of Science and Technology, Wrocław, Poland https://pwr.edu.pl
Articles by this author in: CrossRef |  Google Scholar

Gądek, Magdalena
WSB Merito University in Wrocław, Wrocław, Poland https://www.merito.pl
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

11


Number

1


Issue date

September 2023


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 691  |  PDF downloads: 304

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