Value Added as a Measurement of the Effectiveness of Business Enterprises

The primary purpose of this article is to evaluate the operational effectiveness of the company from the angle of the generated value added in relation to its tangible resources (physical capital) and intangible resources (human capital) compared with the financial success of its European competitors. The measurement of value added and matching indicators, which will be presented here, are based on the financial data of Budimex, a company operating in the construction and engineering industry, listed at the Warsaw Stock Exchange. The results obtained will then be analysed in the context of the competitive construction industry in Europe, which will then enable the author to state whether the company is operating on the effectiveness level that is higher or lower than the average level