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The Role of Decision-making Methods in Business Performance

Author

Listed:
  • Irina CANCO

    (University of Pecs, Hungary)

Abstract

Decision-making is a central problem, widespread, difficult and an intellectual engagement with responsibility to protect from risk. This paper does not cover all the problems of decision-making in business but it is focused on the impact of decision-making methods in business performance that is characterized by some performance indicators. A few theoritical problems of decision-making are presented in the framework of the paper. After the theoretical part, the actual situation of decision-making is analyzed, and the impact of the methods in business performance. The objective of the paper is to measure the impact of decision-making methods in business performance.

Suggested Citation

  • Irina CANCO, 2016. "The Role of Decision-making Methods in Business Performance," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 12(2), pages 26-32, December.
    • Handle: RePEc:rse:wpaper:v:12:y:2016:i:2:p:26-32
    as

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    File URL: http://reaser.eu/RePec/rse/wpaper/REASER12_5Canco_p26-32.pdf
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    References listed on IDEAS

    as
    1. Josep Maria Rosanas, 2013. "Decision-Making in an Organizational Context," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-32415-3, December.
    2. Dane, Erik & Rockmann, Kevin W. & Pratt, Michael G., 2012. "When should I trust my gut? Linking domain expertise to intuitive decision-making effectiveness," Organizational Behavior and Human Decision Processes, Elsevier, vol. 119(2), pages 187-194.
    3. Covin, Jeffrey G. & Slevin, Dennis P. & Heeley, Michael B., 2001. "Strategic decision making in an intuitive vs. technocratic mode: structural and environmental considerations," Journal of Business Research, Elsevier, vol. 52(1), pages 51-67, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    decision-making; decision-making methods; financial performance; ubiquity of decision-making.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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