Quality assessment of management decisions at the enterprise

Natalia Koretska, А. Feshchuk and Ch. Tomsha

E-Forum Working Papers, 2021, vol. 11, issue 2, 88-100

Abstract: Formation and adoption of effective management decisions is a necessary condition for ensuring the competitiveness of the enterprise and its products in the market, creating a rational organizational structure, conducting effective personnel policy, regulating socio-psychological relations in the team, creating a positive image, brand and more. Sustainable operation of the enterprise depends on the timely adoption of management decisions to overcome the problem situation and its implementation. Therefore, these processes require constant improvement, improving the quality of management. According to management practice, mostly no more than 30% of management decisions are implemented, of which only 5% give the expected result. The article examines the content of management decisions and substantiates that, on the one hand, is the choice of a rational decision among a large number of alternatives, and on the other - an element of the management process with stages of adoption, implementation, control of results. It is determined that the process of making managerial decisions at the enterprise is based on certain principles, ignoring which (complete or partial) can lead to erroneous decisions and unsatisfactory results. A method for assessing the level of quality was formed, which allowed on the basis of partial and integrated indicators to comprehensively assess the quality of management and implementation of management decisions at the enterprise. The results of the assessment showed that the managers and staff of the company made timely and effective decisions and in most cases effectively implemented them, which, in turn, ensured the achievement of goals at a sufficient level. The influence of the processes of making and implementing management decisions on the profitability of the enterprise on the basis of the econometric model is determined. Studies have shown that the best trend line describes the highest dependence of net income on gross expenditures. The values of R2 are close to 1, which indicates a high degree of coincidence of the line with the data. In general, it is found that the level of profitability of the enterprise depends on the level of quality of the processes of making and implementing management decisions

Keywords: managerial decisions; making managerial decisions; implementation of managerial decisions (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:11:y:2021:i:2:p:88-100

DOI: 10.36910/6775-2308-8559-2021-2-11

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