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Algorithm of Making of Managerial Decisions in the Conditions of Constant Changes

Specifics of Decision Making in Modern Business Systems

ISBN: 978-1-78756-692-7, eISBN: 978-1-78756-691-0

Publication date: 1 August 2019

Abstract

The purpose of the chapter is to distinguish the process of formation of algorithm of making of managerial decisions in the age of constant changes. The methodology of the chapter includes the method of theoretical foundations, the method of theoretical differentiations of categorical tools, the method of algorithmization, and the method adaptive perception. The research results include the following theses: the problems of the research are current and important; categorical structure of definition “making of managerial decisions” is reflected within functions of management, the process of managerial activities, and decision making on the basis of the risk; actions on solving problems; the aspect of making of managerial decision is limited; authors' algorithm of making of managerial decision reflects rationality and irrationality of the formed situation. This article could be supplemented with practical recommendations in the sphere of making of managerial decisions.

Keywords

Citation

Stroeva, O.A., Lyapina, I.R., Sibirskaya, E.V., Petrukhina, E.V. and Plakhova, L.V. (2019), "Algorithm of Making of Managerial Decisions in the Conditions of Constant Changes", Popkova, E.G., Chesnokova, A.V. and Morozova, I.A. (Ed.) Specifics of Decision Making in Modern Business Systems, Emerald Publishing Limited, Bingley, pp. 47-56. https://doi.org/10.1108/978-1-78756-691-020191007

Publisher

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Emerald Publishing Limited

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