THE IMPORTANCE OF MAKING IMPORTANT BUSINESS DECISIONS IN INDUSTRY FROM THE ASPECT OF GROWTH AND DEVELOPMENT OF INDUSTRIAL ENTERPRISES IN TRANSITION COUNTRIES

Jelena Vitomir, Milena Lutovac, Sonja Tomas-Miskin, Nemanja Barovic, Drazen Vrhovac and Dragana Popovic
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Jelena Vitomir: FACULTY OF BUSINESS AND FINANCE, UNIVERSITY OF BUSINESS STUDIES, JOVANA DUCICA 23A, 78000 BANJA LUKA, BOSNIA AND HERZEGOVINA
Milena Lutovac: FACULTY OF ECONOMICS IN BELGRADE, 11000 BELGRADE, SERBIA
Sonja Tomas-Miskin: ECONOMIC SCHOOL OF BANJA LUKA, KRALJA ALFONSA XIII, 78000, BANJA LUKA, BOSNIA AND HERZEGOVINA
Nemanja Barovic: MASTER OF ECONOMICS, TAX ADMINISTRATION OF THE REPUBLIC OF SRPSKA, PRIJEDOR, 79000, BOSNIA AND HERZEGOVINA
Drazen Vrhovac: PIO FUND, VOZDA KARADORDA NO. 2 79101, PRIJEDOR, BOSNIA AND HERZEGOVINA
Dragana Popovic: ECONOMIC FACULTY OF SUBOTICA, SEGEDINSKI PUT 9-11, 24000 SUBOTICA, SERBIA

Annals - Economy Series, 2020, vol. 1, 28-34

Abstract: The quality of decision-making in the management of an industrial enterprise depends on the interplay of multiple internal and external factors, which is of great importance to learn in transition countries, as their economies are highly influenced and more dependent on developed economies. Therefore, the importance of studying decision-making in business decision-making is becoming increasingly prominent. This is important for the operation and functioning of an industrial enterprise. Applying valid business decisions can help to make valid and correct top management business decisions. On this basis, it is clear to see the true importance of the connection between making valid decisions of top management of an industrial enterprise and the achieved results of business activities of the enterprise during a certain period of time.

Keywords: business; decision; industry; enterprise; management. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2020:v:1:p:28-34

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