TY  - CHAP
AB  - AbstractPurpose: The purpose of the chapter is to determine the specifics of making of managerial decisions in business systems of modern countries of Europe, to compile a European model of decision making in modern business systems, and to determine its capabilities for ensuring optimal decisions.
Methodology: The authors use the method of systemic and problem analysis, the method of comparative analysis (for comparing the European practice of managerial decisions to practices of other regions of the world), and the methods of modeling and formalization.
Conclusions: A European model of making of managerial decisions in modern business systems is compiled; it has the following peculiarities: collective offering, discussing, and making managerial decisions; presence of independent marketing committee that conducts systemic marketing; internal communications of business entities only with the production committee; and sustainability of horizontal connections between committees with the linear organizational structure.
Originality/value: Due to determined peculiarities, such advantages of the European model as making of well-balanced managerial decisions from positions of all interested parties, low expenditures for decision making due to usage of internal outsource, high effectiveness of marketing activities, and integration of managerial staff that allows solving current problems of the business system are achieved. However, in the European model, the process of making of managerial decisions is the longest as compared to other studied regional models. That's why application of the European model of decision making in modern business systems allows achieving high effectiveness of this process in a period of stability, and in case of downward wave of economic cycle, this model cannot ensure high effectiveness of managerial decisions.
SN  - 978-1-78756-692-7, 978-1-78756-691-0/
DO  - 10.1108/978-1-78756-691-020191019
UR  - https://doi.org/10.1108/978-1-78756-691-020191019
AU  - Litvinova Tatiana N.
ED  - Elena G. Popkova
ED  - Alina V. Chesnokova
ED  - Irina A. Morozova
PY  - 2019
Y1  - 2019/01/01
TI  - European Model of Decision Making in Modern Business Systems
T2  - Specifics of Decision Making in Modern Business Systems
PB  - Emerald Publishing Limited
SP  - 187
EP  - 193
Y2  - 2024/04/26
ER  -