MODERN REQUIREMENTS CONCERNING MANAGERIAL DECISION

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MODERN REQUIREMENTS CONCERNING MANAGERIAL DECISION

Journal Title: Молодь і ринок - Year 2018, Vol 163, Issue 8

Abstract

The article presents the modern requirements of making the managerial decisions. Managerial decision is the choice of an alternative made by the decision-maker within the framework of his authority and competencies aimed at achieving the goals of the organization. Managerial decision (individual or group) defines the program of the team work to solve the problem effectively, based on knowledge of objective laws of a managed system functioning and analysis of information about its status. The development of effective managerial decisions is a necessary factor for ensuring the competitiveness of products and organizations in the market, forming rational organizational structures, the implementation of a proper personnel policy, regulation of socio-psychological relations in the organization, creation of its positive image. The peculiarities of managerial decisions (goals, consequences, division of labor, professionalism), basic principles (systematic, standardization, optimal awareness, freedom of choice, creativity, responsibility, etc.) are determined. Five stages of creative problem solving are defined. The decision-making process is complex and multilateral. It includes a great number of stages and activities. The questions of how many stages and which stages should pass the decision-making process, what is the specific content of each of them are controversial and can be solved by managers differently. It depends on the qualifications of the manager, the situation, the style of management and culture of the educational institution. It is important for each manager to understand the strengths and limitations of each approach and decision-making procedure and to be able to choose the best option, taking into account the situation and his own management style. The classic approach to making managerial decisions is to follow a certain procedure and to perform compulsory actions. The author focuses on the main stages of the managerial decision-making process. In particular, it is the definition of the problem, the forming of goals, information gaining, the development of a draft decision, assessment of options, legal design, development of measures, control over the implementation of the decision, etc. Attention is paid to alternative solutions and evaluation criteria. The criteria for evaluating the desired solution is the effectiveness of the implementation, the simplicity of achieving the goal, the degree of consideration of the entire production situation, the completeness of the use of resource, the tasks’ fulfilment in the specified time, as well as the cost-effectiveness of the solution.

Authors and Affiliations

Inna Shorobura

Keywords

managerial decision; the peculiarities of managerial decisions; the principles of making managerial decisions; the stages of making managerial decisions.

EP ID EP589569
DOI 10.24919/2308-4634.2018.141861
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