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Managerial Decision-making Technology in Theory and Practice of Management


Aisylu Kharasova, Natalya Blazhenkova
(about the authors)

Kharasova Aisylu S. – Postgraduate, Chair of Finance and Banking (Ufa State University of Economics and Service)

Blazhenkova Natalya M. – Doctor of Science, Economics, Professor, Head of Chair of Finance and Banking (Ufa State University of Economics and Service)

Published in:
Leadership and Management
– Volume 2, Number 2 (April-June, 2015)

JEL classification: D70, L26, M12

Keywords: business activity, management, management methods, managerial decision, managerial decision-making technology


Citation:
Aisylu Kharasova, Natalya Blazhenkova (2015). Managerial Decision-making Technology in Theory and Practice of Management. Leadership and Management, 2(2), 99-110. doi: 10.18334/lim.2.2.598


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Abstract:

Nowadays, there is no single technology of the decision-making process as every manager has his/her own individual technology for development and taking managerial decisions. Depending on the level of their complexity, the number of stages and the duration of its development change. It mainly depends on those who have taken part in their preparation, but the main role is played by personal features of the managers depending on which they diagnoze emergence and gravity of the managerial issue in different manners. The authors have drawn up the conclusion that managerial decision-making technology is not only professional performance of managerial functions and security for achievement of set goals but also the center link in theory and practice of management.


Highlights:

► in most cases, managers don't use services of consulting companies as they work out decisions by themselves and incur all the related risks
► effective business activity is impossible without modern managerial technologies based upon informational technologies that are used to provide operation of all communicative business processes
► the role and significance of managerial decisions are explained by some requirements imposed on them: optimality, effectiveness, legitimacy, specificity, simplicity of the form and clarity of the contents
► controlling supposes presence of management self-regulating mechanisms, specifically, feedback in the control loop








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