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What is Economic Performance

Handbook of Research on Key Dimensions of Occupational Safety and Health Protection Management
It encompasses numerous indicators covering financial performance, operational performance, and organizational effectiveness.
Published in Chapter:
Occupational Safety Management, Working Conditions, and Economic Performance
Miran Pavlič (University Medical Centre, Ljubljana, Slovenia), Snežana Živković (University of Niš, Serbia), and Alenka Pavlič (University of Ljubljana, Slovenia)
DOI: 10.4018/978-1-7998-8189-6.ch002
Abstract
Occupational safety and health (OSH) represents a holistic approach to achieve zero accident vision. This can only be accomplished through systemic thinking by taking into account the plurality of interdependent factors. The aim of the study was to design an original model, which would explain how the occupational safety management (OSM) factors affected working conditions and economic performance of enterprises. The authors conducted an empirical, evidence-based research and found that the enterprises that developed a higher level of OSH consistently met the legal requirements in the area of OSH. Generally, those enterprises that had their own OSH department or committee and introduced OHSAS 18001 provided better working conditions and achieved higher economic performance. The presented model of OSM factors allowed the enterprise leaders and managers, as well as the policy creators to achieve more favorable working conditions, better economic performance of an enterprise, and contribute to a sustainable development of the society and environment.
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More Results
Organizations of Social Entrepreneurship in Croatia: Entrepreneurial Orientation in the Context of Performance
Economic performance refers to organizational performance within the realm of commercial activities (i.e., market competition).
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Structural Changes and Sustainable Economic Development of the Republic of Serbia in a Pandemic
Development results that show whether the national economy is in the process of economic recovery, macroeconomic stability, and on a path of long-term sustainability.
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Adoption of Supply Chain Sustainability in Developing Countries: An Empirical Investigation
The economic impact that the corporation’s activity has on the society in terms of cost saving, opening new markets and finding beneficial uses for waste, cutting cost of purchasing materials and energy consumption, reducing the cost of waste treatment and discharge, avoiding a fine in the case of environmental accidents, and increasing profits, sales and market share.
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