Actual Tasks of Decision Theory and Practice in Modern Business

Journal Title: Globalization and Business - Year 2016, Vol 1, Issue 1

Abstract

The work deals with actual tasks of Decision Theory and Practice in the process of modern business globalization. Decision making methodology and methods have been used in the theory and practice of the developed countries for a long time. There is a science direction which studies financial concepts and relationships between governing decisions and financial results. According to the daily decision-making aspect business is discussed as a dynamic system dealing with movement of financial resources and its success is connected to decisions made by man- agers uninterruptedly, sequentially and successfully. It means that enterprise management process is connected to economic decision series which causes movement of resources and makes business successful. We consider that a new studying course - ”Decision Theory and Practice” should be entered to university curriculum and a complex of studying disciplines should be defined which will give students adequate educa- tion to achieve success in modern business. The methodology and techniques of business and other economic disciplines should serve to making optimal financial decisions and successful business. Technological method- ology as well as practical aspects should be defined for each studying discipline. The discussion of Decision Theory and Practice tasks is actual and it will serve business theory and practice positively. It will help labor market to prepare adequate staff and employ them, and it will serve to improve uni- versity learning environment and scientific studies.

Authors and Affiliations

Tina Jolbordi

Keywords

Related Articles

The peculiarities of inclusive business development under globalization

Inclusive business is an emerging field in Georgia. For inclusive business successful samples and sharing information (as on national level as on international level) are necessary. inclusive business models inclu...

Public Financial Management System in Modern Georgia

After the transition to market economy, drastically sheivala finance management systems in Georgia. Min- istry of Finance, together with the financial management of the organizational structures of the State Audit Off...

Population Migration Gravitational Models

In the paper Anca Gheorghiu’s and Ion Spanulescu’s model is represented as integral of time t (i.e. it is ta- ken into account the possible change in the parameters of the model over time) and in this integralisinsert...

THE IMPACT OF ECOLOGICAL FACTORS ON TOURISM DEVELOPMENT IN KVEMO KARTLI REGION

In this Article we discuss environmental issues necessary for safe and sustainable development of tourism as an integral part of economic relations. We focus to examine the impact of anthropogenic effects on the environ...

The role of information in financial decision making process: A theoretical view

The role and place of information in financial decision making process is undisputed. The financial decision that doesn’t rely on information would be inaccurate and costly. Information serves and helps in the decision m...

Download PDF file
  • EP ID EP568350
  • DOI -
  • Views 107
  • Downloads 0

How To Cite

Tina Jolbordi (2016). Actual Tasks of Decision Theory and Practice in Modern Business. Globalization and Business, 1(1), 237-240. https://europub.co.uk/articles/-A-568350