The features of decision making process in international companies. Are companies in control of their own decisions?

Anastasia Jeleva, Victoria-Regina Pacalo and Larisa Dodu-Gugea

CSIE Working Papers, 2017, issue 5, 16-32

Abstract: The following article deals with the main causes of irrational decision making process in companies and with respective solutions to make decisions more rational and effective. With the aid of relevant literature, the ways managers, groups and leaders make decisions in reality will be clarified. Besides, the solutions to rational decisions examined through the perspective of managers, leaders and groups. Thus, the background of this article is the question "Are companies in control of their own decisions?" In addition, this paper includes relevant information about the features of decision making process, basic types of decisions, describes the most essential approach in management regarding to decision making and presents the top worst and best business decisions of all time.

Keywords: decision making process; rational and irrational decisions; routine and nonroutine decisions (programmed and nonprogrammed decisions); strategic decisions; tactical decisions; operational decisions; managerial, group, leaders decision making process; rational decision-making model, analysis paralysis; strategies to improve decision-making process; top worst vs best business decisions in management. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aem:wpaper:y:2017:i:5:p:16-32

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