COMPARATIVE STUDY OF THE DECISION-MAKING PROCESS IN SMES AND IN LARGE COMPANIES

Livia Oltean
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Livia Oltean: Lucian Blaga University, Sibiu

Annals - Economy Series, 2012, vol. 4I, 191-193

Abstract: This article presents the importance of the decisional act in the entrepreneurial process, trying to emphasize its implications in various situations faced by managers and decision factors. Starting with the classic definition of the “decision” concept, this paper extends its meaning by applying it on the economic field and by deepening its meaning in the economic field, shaping the imperative requests a decision has to make. Narrowing the research field to the sphere of small and medium-sized enterprises, the analysis of the decision is made on their level, being built on the antithesis SME- large company. The results of the study consist in the appreciation of the importance the decision has on the level of all hierarchic levels, no matter the size of the company, the nature of its activity, the geographic localization or its financial situation.

Keywords: decision; manager; process; solution; consequence. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2012:v:4i:p:191-193

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