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Perspectives on decision-making among the Romanian managers

Razvan Stefanescu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines, in the tradition of descriptive approaches of decision-making, how Romanian executives actually make decisions. It is based on an investigation in which managers from Romania were interrogated about some aspects of the decision-making. The conclusion of this study is that the Romanian managers don’t follow all the recommendations of classical decision theory when they make decisions. That situation is caused not only by the high instability of business environment, but also by some elements of the managerial culture.

Keywords: descriptive approaches of decision-making; business environment; investigation among executives; transition countries (search for similar items in EconPapers)
JEL-codes: D21 D81 M10 (search for similar items in EconPapers)
Date: 2004-12-20, Revised 2008-05-17
New Economics Papers: this item is included in nep-knm, nep-lab, nep-tra and nep-upt
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Published in THE ANNALS OF “DUNĂREA DE JOS” UNIVERSITY OF GALATI ISSN 1584-0409.FASCIC(2005): pp. 115-118

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