Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

P. Rameshan ¹, M. L. Trivedi ²

Affiliations
1 Gokhale Institute of Politics and Economics, Pune, IN
2 Indian Institute of Technology, Kharagpur, IN

Abstract

Although conventionally 'organisation' has been considered a factor of production in economics, the economists have paid very little attention either to explaining the concept adequately or to evaluating precisely the crucial role of organisational efficiency. This neglect is possibly due to the various technical difficulties associated with its conceptualisation and measurement. In this backdrop, the present study aims at analysing the various conceptual and related aspects of organisational efficiency with a view to familiarise the readers with its intricacies; to emphasize its significance as the uitimate force behind a fiml's success; and there by, to bridge, to sollie extent, the information gap existing at present in this respect.

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P. Rameshan , M. L. Trivedi

Abstract

This paper aims at evaluating the role of organisational efficiency in improving productivity, based on qualitiative, primary, firm-level data obtained from eight large scale manufacturing firms operating in different industries in India. The analysis shows that the effectiveness of organisational effort across firms is not proportional to their absolute organising effort and that the firms attain varying degrees of organisational efficiency irrespective of their type of ownership, private or public. Finally, the empirical evidence suggestS that it is the degree of organisational efficiency which matters first for improving productivity of firms and all other considerations, technological or others, automatically follow from it.

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