Indicators for LPS effective functioning measurement
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In the present work, the authors, using the complex approach, consider the efficiency of the local production systems (LPS) functioning in the context of the statement, that the traditional approach in evaluating the effectiveness is not only a carrier of unduly restricted interpretation of the factors that affect it, but also affects the relationships between them. This significantly distorts the reality and reduces the quality of the managerial decisions taken. In order to overcome the limited capacity of the traditional approach for LPS effective functioning assessment, a system of criteria for evaluating their effective functioning is proposed, combined with indicators for effectiveness measurement.
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