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Corporate management through the lens of macroeconomics

Szostak J.

Zeszyty Naukowe / Wyższa Szkoła Oficerska Wojsk Lądowych im. gen. T. Kościuszki

2015

Nr 3

103--117

Organizational management processes reflect capital allocation in a given business as well as in the macroeconomic space at large. In practice, macroeconomic forces acting on a given economy will depend on economic policy pursued by the state. Under the currently prevalent neoliberal outlook on market economy and its mechanisms, the impact of macroeconomic forces is confined to creating a specific socio-economic environment in which businesses operate, and to defining the economic content of (the category of) production efficiency. The paper attempts to depict the influence of macroeconomic forces on the criteria for assessing business performance that impinge indirectly on corporate management processes. The discussion leads to a proposition that while macroeconomic policy founded on neoliberal premises might well be conducive to business activity, it could be, in the long run, detrimental to individuals and to society at large.