The Influence of Risk Factors on Managerial Decision-Making Cover Image

Influenţa factorilor de risc asupra deciziei manageriale
The Influence of Risk Factors on Managerial Decision-Making

Author(s): Daniela P. Popa, Georgeta Gh. Dobrescu
Subject(s): Economy
Published by: Fundatia Română pentru Inteligenta Afacerii

Summary/Abstract: In the current period in Romania, an efficient organization is closely linked to unstable environment appropriate management practice specific to transition. An important role in this process is for strategic and tactical decisions that should facilitate increased efficiency in the use of material resources, human, financial and information. Faced with an often hostile environment, entrepreneurs are increasingly being forced to make decisions under uncertainty and risk. Final result depends on the acquisition of essential attributes of professionalism and initiative as the foundation of efficient decision-making. Functionality and viability of organizations cannot be conceived outside the decision-making accordingly. Appropriateness and effectiveness of decisions contributes decisively to increase the efficiency of the management process.

  • Issue Year: 2014
  • Issue No: 30
  • Page Range: 219-224
  • Page Count: 6
  • Language: Romanian