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Dimensions of Decision-Making Process Quality and Company Performance: A Study of Top Managers in Slovenia

Author

Listed:
  • Grušovnik Damjan

    (Mariborska cesta 65, Ptuj, Slovenia)

  • Kavkler Alenka

    (University of Maribor, Faculty of Economics and Business, Slovenia)

  • Uršič Duško

    (University of Maribor, Faculty of Economics and Business, Slovenia)

Abstract

This paper investigates the relationship between the dimensions of the decisionmaking process quality and company performance of top managers’ in Slovenia. We found out that companies whose managers exhibit an above-average dimension of openness of spirit in the quality of the decision making process, on average, have a higher stance on foreign markets as companies in which managers show a below-average open spirit. For the managers who work in companies that are present in foreign markets, we could confirm that there is a low/weak correlation between the dimension of effort of the decision-making process quality and the number of employees in a company.

Suggested Citation

  • Grušovnik Damjan & Kavkler Alenka & Uršič Duško, 2017. "Dimensions of Decision-Making Process Quality and Company Performance: A Study of Top Managers in Slovenia," Naše gospodarstvo/Our economy, Sciendo, vol. 63(4), pages 66-75, December.
    • Handle: RePEc:vrs:ngooec:v:63:y:2017:i:4:p:66-75:n:6
    DOI: 10.1515/ngoe-2017-0024
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    References listed on IDEAS

    as
    1. Laure Cabantous & Jean-Pascal Gond, 2011. "Rational Decision Making as Performative Praxis: Explaining Rationality's Éternel Retour," Organization Science, INFORMS, vol. 22(3), pages 573-586, June.
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    More about this item

    Keywords

    quality of the decision-making process; rationality; motivation; participation; exhaustivity of the information; managers effort; creativity and innovativeness; company stakeholders; company performance;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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