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Theoretical Background for the Decision-Making Process Modelling under Controlled Intervention Conditions

Bakanauskienė Irena () and Baronienė Laura ()
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Bakanauskienė Irena: Doctor of social sciences, professor at the Faculty of Economics and Management, Vytautas Magnus University. K. Donelaičio str. 58, 44248 Kaunas, Lithuania. Phone: + 370 686 07704.
Baronienė Laura: PhD student at the Faculty of Economics and Management, Vytautas Magnus University. K. Donelaičio str. 58, 44248 Kaunas, Lithuania. Phone: + 370 686 07704.

Management of Organizations: Systematic Research, 2017, vol. 78, issue 1, 7-19

Abstract: This article is intended to theoretically justify the decision-making process model for the cases, when active participation of investing entities in controlling the activities of an organisation and their results is noticeable. Based on scientific literature analysis, a concept of controlled conditions is formulated, and using a rational approach to the decision-making process, a model of the 11-steps decision-making process under controlled intervention is presented. Also, there have been unified conditions, describing the case of controlled interventions thus providing preconditions to ensure the adequacy of the proposed decision-making process model.

Keywords: decision-making; decision-making process; controlled intervention (search for similar items in EconPapers)
Date: 2017
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