GROUPS DECISION MAKING WITHIN THE ORGANIZATION

Stan Stefania Anca

Studies and Scientific Researches. Economics Edition, 2008, issue 13

Abstract: In a highly global market, organizations that have the ability to analyze and rapidly respond to the constantly changing marketplace will have the greatest chance of remaining competitive and profitable. Group decision making is the process of arriving at a judgment based upon the feedback of multiple individuals. Due to the importance of the group decision making process, decision making models can be used to establish a systematic means of developing effective group decision making. Once a decision has been made, the members of the group should be willing to accept it and support its implementations.

JEL-codes: M12 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:bac:fsecub:08-13-19

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