Abstract

The notion of efficiency as an economic category has been sufficiently researched in the domestic and foreign economic literature, but so far there is no unambiguous clear interpretation of the economic essence of this category and the only criteria by which it can be evaluated quantitatively and qualitatively. This is largely due to the complexity and versatility of the efficiency category. Today, the problem of efficiency occupies a key position in economic science and practice. The overall concept of efficiency is broad enough and is applied in a wide variety of fields. In the article proposals to determine the efficiency of capital turnover, either in terms of production costs or on the basis of net profit or consumed resources - we consider partial, those that do not reflect the main purpose of the enterprise. These proposals can be used to evaluate the effectiveness of the use of individual components of capital, production space and equipment, cash. In our opinion, it is advisable to use a comprehensive scorecard that combines all of these approaches to form an overall conclusion about the enterprise's performance. Having considered the essence of the category "efficiency" and the basis of approaches to its definition, the article explores theoretical approaches to assessing the efficiency of enterprises in terms of economic efficiency of using their resources. The methods, techniques and aspects of different approaches to the evaluation of the effectiveness of the enterprises and their resources are considered and analyzed. In our opinion, it is advisable to use a comprehensive system of indicators, which includes indicators of efficiency of: labor, means and objects, to form a general conclusion about the effectiveness of the enterprises; management and organization; engineering and technology; competition, supply and demand. In assessing the cost-effectiveness of using enterprise resources, two sets of criteria should be applied, one of which provides for cost-effectiveness assessment and includes indicators of payback, net present value and internal rate of return, and the other of competitiveness, demand efficiency, supply efficiency based on determining market share indicators.

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