This paper examines, in the tradition of descriptive approaches of decision-making, how Romanian executives actually make decisions. It is based on an investigation in which managers from Romania were interrogated about some aspects of the decision-making. The conclusion of this study is that the Romanian managers don’t follow all the recommendations of classical decision theory when they make decisions. That situation is caused not only by the high instability of business environment, but also by some elements of the managerial culture.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8791.
Length: Date of creation: 20 Dec 2004 Date of revision:
17 May 2008 Publication status: Published in THE ANNALS OF “DUNĂREA DE JOS” UNIVERSITY OF GALATI ISSN 1584-0409.FASCICLE 12004 YEAR(2005): pp. 115-118 Handle: RePEc:pra:mprapa:8791
Find related papers by JEL classification: D21 - Microeconomics - - Production and Organizations - - - Firm Behavior D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
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