KEY CRITERIA AND INDICATORS FOR ASSESSING MANAGEMENT EFFECTIVENESS
DOI:
https://doi.org/10.5281/zenodo.17427745Keywords:
economic growth, management, entrepreneurship, institutions, governance, resource allocation, strategic management, economic competitiveness, external financing costs, credit ratings, economic management.Abstract
This paper explores the pivotal role of management in fostering economic growth an area that has received
comparatively less attention in both theoretical and empirical literature than entrepreneurship. By examining the dynamic
relationship between management and entrepreneurship, the study demonstrates that effective management practices
are essential for optimizing resource allocation, enabling strategic decision-making, and adapting to evolving economic
conditions. Moreover, it emphasizes the significance of strong institutions and sound governance in facilitating economic
activities and lowering external financing costs, especially in low- and middle-income countries. The findings indicate
that improved economic management enhances creditworthiness, reduces growth volatility, and strengthens economic
competitiveness, thereby contributing to long-term sustainable development. The paper concludes that management
is as vital as entrepreneurship in driving economic progress and calls for further research to investigate the broader
dimensions of management efficiency.
Author Biography
Annisa Ciptagustia, Universitas Pendidikan Indonesia Management Study Program Faculty of Economics and Business Education
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