Methods for Comprehensive Analysis of the Economic Effectiveness of Business Activities

Business Perspective Review

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Field Value
 
Title Methods for Comprehensive Analysis of the Economic Effectiveness of Business Activities
 
Creator Kim, Gang-Sok
Kim, Gwang-Ik
Rim, Gwang-Nam
Jang, Sun-Nam
 
Subject Science and Technology; R&D expenditure; Economic Effectiveness; Efficiency of Resources; Business Activities.
 
Description Purpose: This paper suggests the methodology for comprehensively and dynamically evaluating the economic effectiveness of business activities in a view of scientific and technological development.
Methods: Authors analyze the previous studies related to evaluating the economic effectiveness of business activities and suggest the methodology using the weight coefficients and pair-evaluation standards.
Results: The findings reveal that comprehensive economic effectiveness of business activities reflects the effective use of various resources including labor, material, fixed asset, liquid materials, and R&D expenditure into the business activities in a certain period of time and it must be assessed by using the integrated indicator.
Implications: The findings may contribute to the theories related to the economic effectiveness of business activities. It is also likely to improve organizational decision-making.
 
Publisher Research & Innovation Initiative
 
Date 2021-01-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://riiopenjournals.com/index.php/business-perspective-review/article/view/224
10.38157/business-perspective-review.v3i1.224
 
Source Business Perspective Review; Vol 3 No 1 (2021): Business Perspective Review [On going]; 1-14
2691-039X
10.38157/business-perspective-review.v3i1
 
Language eng
 
Relation https://riiopenjournals.com/index.php/business-perspective-review/article/view/224/98
 
Rights Copyright (c) 2021 Gang-Sok Kim, Gwang-Ik Kim, Gwang-Nam Rim, Sun-Nam Jang
http://creativecommons.org/licenses/by-nc-nd/4.0
 

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