Evaluating the Organizational Effectiveness of Industrial Enterprises Using Game Theory

Abstract

Assessment of organizational effectiveness is critical to any organization. The purpose of this paper is to present a mixed approach using game theory analysis to assess the performance of organizational effectiveness within organizations. To assess the competence of each unit in assessing organizational effectiveness, the relationship between different departments within an organization is modeled based on effectiveness indicators. Furthermore, indicators related to each aspect of organizational effectiveness are expressed as inputs and outputs for determining effectiveness. The proposed model has been implemented in 20 different industrial enterprises within Slovakia, based on the information obtained in 2022. This paper is based solely on the financial and economic data of various manufacturing companies in Slovakia. With approximately 500 statements, over a period of 6 years, this paper is expected to be able to describe organizational effectiveness, which may provide a potential indication of the company's level of viability in the coming years. Statistical analyses are also performed to monitor the general practicality of the data.