MANAGEMENT MISTAKES IN CONTEMPORARY CORPORATE DECISION-MAKING

Drago Dubrovski

Revista Economica, 2009, vol. 46, issue 3, 97-115

Abstract: Intensive and extensive, radical and dynamic changes in the today’s environment require adjusted, creative and innovative managerial developmental solutions, also based on the fuzzy logic, needed for strategic decision-making in contemporary business conditions, otherwise the management cannot be able to successfully ensure further existence and development to the organisations. Although the state of crisis in the company can be affected by various interrelated external and internal causes, which as to intensity and appearance vary by company, the essence of the causes surely lies in the management of the company. Despite the fact that the hypothesis of existing a pattern of management mistakes which follows the changes in political and economic environment cannot be completely reliably confirmed some outlines of such pattern are in spite of all seen. In highly complex business environment, characterized today by financial crisis, recession or slowdown of world or national economies, when much more fuzzy logic in management decision-making is needed, management mistakes can derive also from incapabilities to cope with such complex environment.

Keywords: complex environment; crisis; decision-making; management mistakes; transition (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://economice.ulbsibiu.ro/RePEc/blg/reveco/4610Dubrovski.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:46:y:2009:i:3:p:97-115

Access Statistics for this article

More articles in Revista Economica from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Eduard Alexandru Stoica ().