The distinct evaluation of information in a new managerial function of information – decision

Gheorghe Săvoiu and Valeria Pirlici
Authors registered in the RePEc Author Service: Doina Maria Simion

MPRA Paper from University Library of Munich, Germany

Abstract: The function defined as information-decision can be considered today the central function of management; we believe that the option for a compromise of the type: prognosis of product or service, organization, information - decision, stimulation and control better responds to the new managerial conditions. Any decision primarily means correct information, in order to be able to choose. Surprisingly, from the old Greek term entropis to the actual managerial information it is not such a long way and stages of the new function of information-decision emphasise the continuous interdependences between information and decision, as well as a large number of characteristic features as a result of a necessary compromise in contemporary management.

Keywords: information-decision; entropy; redundancy; managerial information and decision (search for similar items in EconPapers)
JEL-codes: J53 M11 M12 O32 (search for similar items in EconPapers)
Date: 2007-02
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Published in Annals of Oradea University Review 16.1(2007): pp. 1141-1145

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