Information and Strategic Decisions in Economic Entities Management

Lucian Ioan Sabău ()
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Lucian Ioan Sabău: “West ”University of Timișoara, Romania

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 4, 227-234

Abstract: Information and decision are two key elements economic entities management. Information represents the support of decision making by those managing the economic entity, helping them take the right decision for them to achieve set objectives. Strategic decisions provide long-term success of the economic entity outlining its internal and external stand. Those responsible for making strategic decisions have the ability to influence the economic entity’s success through these decisions they take, the role of the strategy being to ensure perfect correspondence between what the economic entity can do and what it could do, given the opportunities and threats in the environment they conduct business.

Keywords: information; decision; strategy; strategic decision; strategic management. (search for similar items in EconPapers)
JEL-codes: M12 (search for similar items in EconPapers)
Date: 2012
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