open access

Abstract

Purpose: This paper suggests the methodology for comprehensively and dynamically evaluating the economic effectiveness of business activities in a view of scientific and technological development.

Methods: Authors analyze the previous studies related to evaluating the economic effectiveness of business activities and suggest the methodology using the weight coefficients and pair-evaluation standards.

Results: The findings reveal that comprehensive economic effectiveness of business activities reflects the effective use of various resources including labor, material, fixed asset, liquid materials, and R&D expenditure into the business activities in a certain period of time and it must be assessed by using the integrated indicator.

Implications: The findings may contribute to the theories related to the economic effectiveness of business activities. It is also likely to improve organizational decision-making.