MANAGERIAL DECISIONS IN BUSINESS

Stelian Panzaru

Review of General Management, 2010, vol. 11, issue 1, 110-117

Abstract: An essential element of the managerial process, the decision is the act of moving from thought to action. This aims to find the most rational way for future actions to ensure maximum efficiency of managerial actions. The process further increasing the effectiveness of management’s actions requires that any decision to have a solid scientific foundation. A characteristic of a decision is that it is an expression of a rational act, consistently formulated, and based on interpretation of information that is processed in order to pursue alternatives aimed at achieving predetermined objectives.

Keywords: managerial decision; organization; organization’s development; efficiency; quality; cost-effectiveness. (search for similar items in EconPapers)
Date: 2010
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