Methodological basis of economic decision-making

Natalya Pavlovna Vinogradova () and Alexander Nikolaevich Popov ()
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Natalya Pavlovna Vinogradova: Ural State University of Physical Culture, Russian Federation
Alexander Nikolaevich Popov: Chelyabinsk State University, Russian Federation

Entrepreneurship and Sustainability Issues, 2019, vol. 6, issue 4, 1798-1806

Abstract: The article aims to substantiate the methodological basis of economic decision-making as a science of choosing the most efficient ways of management carried out by corporate executives. Cooperation principles and methods in the system of collective entrepreneurship are closely connected to business success in corporate activities. The compliance with important corporate principles is conducive to the development of optimum managerial decisions. Managerial decisions provide a company’s competitive advantages in the goods and services markets and normal operation of staff in these businesses. In the paper the author present original methodological approach towards decision making process.

Keywords: decision-making; utilitarianism; leadership; corporate management (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1798-1806

DOI: 10.9770/jesi.2019.6.4(18)

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