Economic efficiency of an enterprise is one of the types of efficiency of an enterprise, it represents the ratio of the result to the material and financial resources expended. This type of efficiency depends, first of all, on the rational use of all types of resources with their structure. These ratios are mainly determined by the specifics of production itself, technical equipment, the level of technology development, labor organization and the ratio of intensive to extensive factors of production. The state of the structure is strongly influenced by such external factors as resource markets, supply and demand for a particular type of resource, resource prices, etc.
The process of measuring the planned or already obtained level of enterprise performance is associated with the determination of the criterion and the formation of a system of relevant indicators. The company's performance indicators are divided into several groups:
- general indicators of production efficiency;
- indicators reflecting the effectiveness of the organization and use of labor;
- indicators characterizing the degree of use and distribution of production assets;
- indicators reflecting the efficiency of use of all financial resources.
A set of actions and measures to increase the efficiency of production and economic activities of the enterprise are called ways to improve the efficiency of the enterprise. The main ways to increase the efficiency of production activities include a decrease in labor intensity and an increase in labor productivity. The main ways include rational and economical use of resources and raw materials, a decrease in the capital intensity ratio and improvement of the investment activity of the company.
Ways to improve the efficiency of the enterprise include the introduction of scientific and technological progress at the enterprise, including the revolutionary re-equipment of production assets based on the latest scientific achievements of engineering and technology. Such fundamental changes in technology, the mobilization of technical, organizational, social and economic factors will significantly increase the rate of labor productivity.
Ways to improve the efficiency of the enterprise include the use of a saving mode. Resource-saving factors must become critical to meet the ever-growing demand for fuel, raw materials, materials and energy.
In addition, ways to improve the efficiency of the enterprise include activities to better distribute and use the basic resources and funds of the organization. It is very important to maximize the use of the production potential of the enterprise, monitor the rhythm of production, the maximum load of production equipment. The result of these measures will be an accelerated growth rate of finished products without unnecessary investments and investments.
An important place for the growth of the functioning of the organization is occupied by organizational and economic factors. It is also necessary to develop social infrastructure and management practices. It is necessary to improve methods and forms of management, methods of planning, stimulation, promotion. A special place in reducing the share of expenditure of resources and the intensification of the entire economy of the organization belongs to measures to improve the level of quality of products manufactured for sale. The level of product quality should be a fundamental factor for which close monitoring is required.