The place of confidence in the effective management
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 7, Issue
Abstract
The article investigates the place of confidence in the effective management process. The confidence as non-economic, socio-cultural institute is located in the structure of social capital of any society, organization, group; it exists in all economic, social, political and legal relations. The main purpose of this article is to conduct a theoretical study of the concept "confidence", to determine its place in the management process, to establish the supposition for building an effective management system and determine its level of influence on the economic development of the social network (organization). The confidence is an important characteristic of any organization` state as well as society in general; when there is a lack of confidence, the normal development of economy and organization is impossible. It has also been determined that confidence level` multiplication gives the stable socio-economic development of organization through management efficiency increase. The specificity of confidence is revealed in how reliable relationship can be. Therefore, at a high level of confidence in the economic sphere, almost all the needs of both - individual and a group are met, which in consequence leads to balanced activity. It is proved that the optimal level of confidence improves the management mechanism and promotes the effective development of the social network based on mutual understanding between the network participants and determines the motivation for achievements and reduces the competition`s risks. The article determined that confidence occupies significant place in effective management and plays an important role in the economic success of business entities. The study showed that it is necessary to pay attention to the importance of confidence as an effective management factor, because it affects the effectiveness of the organization functioning as a whole. The analyzed problems outline the relevance and prospects for further research and the results of this study can be used for further scientific investigations and practical studies in the field of management.
Authors and Affiliations
Nataliia Oleksandrivna Pacheva
Keywords
Related Articles
- EP ID EP531169
- DOI -
- Views 53
- Downloads 0
Features of income accounting of state-funded institutions in the legislative changes’ conditions
The article explores to the features of the accounting of incomes of a public institution in the conditions of legislative changes. The problems of accounting of earnings of a budget organization as a result of legislati...
Crowdfunding: essence, types and prospects of implementation in Ukraine
The article reveals the essence of crowdfunding, its types and the mechanism of financing projects. The authors created a classification of crowdfunding using different approaches. The particular attention is paid to the...
Controlling as modern conception of manufacturing exporting enterprise management
Introduction. Continuous monitoring of all aspects of economic and financial activity can provide information on the stability of the industrial enterprise-exporter, its finances and factors that lead to strengthening or...
Concerning the use of quantitative elements of the studying method of qualitative characteristics formation processes in the quality control systems of finished products
In this article it is proved that the use of quantitative elements of the research method of the processes of formation of qualitative characteristics and technical parameters in quality management systems of finished pr...
Ways of developing a cash crisis in Ukraine
The article is devoted to the study of the emergence and formation of a debt crisis in Ukraine. Analysis of countries with the smallest external debt and countries with the largest volume of external debt is given. The d...