Monitoring economic indicators and assessing the organization’s performance

The issue of assessing the efficiency of an enterprise is rightfully considered one of the most important, because thanks to the results of such an assessment, it becomes possible to justify economic and organizational decisions. In addition, with the help of economic activity analysis, it becomes possible to study development trends, factors of changes in operating results, identify reserves for increasing production efficiency, forecast the results of an economic entity, and build an economic strategy for its development. The definition of the concept of “efficiency” is discussed in many works of domestic and foreign authors.