MAKING BUSINESS DECISIONS IN INDUSTRIAL COMPANIES IN THE TRANSITION COUNTRY, BY THE CASE OF THE REPUBLIC OF SERBIA

Maja Jokic, Bogdan Laban, Ivan Arnautovic, Dragana Popovic and Slobodan Popovic
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Maja Jokic: MASTER OF INDUSTRIAL ENGINEERING AND MANAGEMENT, FACULTY OF TECHNICAL SCIENCES, UNIVERSITY OF NOVI SAD, TRG DOSITEJA OBRADOVICA 6, 21000 NOVI SAD, SERBIA
Bogdan Laban: CITY ADMINISTRATION OF THE CITY SUBOTICA, TRG SLOBODE 1, 24000 SUBOTICA, SERBIA
Ivan Arnautovic: HIGH SCHOOL OF ENTREPRENEURSHIP, 11000 BELGRADE, SERBIA
Dragana Popovic: ECONOMIC FACULTY OF SUBOTICA, SEGEDINSKI PUT 9-11,24000 SUBOTICA, SERBIA
Slobodan Popovic: AUTHORIZED PUBLIC SECTOR INTERNAL AUDITOR JKP GRADSKO ZELENILO NOVI SAD, TEMERINSKI PUT BB, 21000 NOVI SAD, SERBIA

Annals - Economy Series, 2020, vol. 2, 4-11

Abstract: Business decision-making as part of management and decision-making in industrial enterprises depends on the interaction of multiple internal and external factors. Business decision-making is part of the business decisions that top management makes every day with the goal of good company management. This is of great importance for the practical functioning of enterprises in transition countries. Their economies are heavily influenced by developed economies that impose their own rules of conduct that often do not suit countries in transition. Therefore, the importance of studying business decision-making is increasing. This is important for the operation and functioning of an industrial enterprise, because the strength of an economy is directly dependent on the strength of industrial economies. Applying valid business decisions can have a major impact on making the right business decisions of the top management of an industrial enterprise. On this basis, it is clear tosee the true importance of the link between making valid, timely business decisions of top management of an industrial enterprise and the achieved business results as a result of the conducted business activities of an industrial enterprise in a certain real time period of observation. This is the primary goal and contribution that the authors of this paper make in this study. It is possible to apply in many transition countries.

Keywords: business; decision; industry; enterprise; management; audit (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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