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Managerial Decisions In Business

Author

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  • Stelian PÂNZARU

    () (Spiru Haret University, Faculty of Management Brasov, Romania)

Abstract

An essential element of the managerial process, the decision is the act of moving from thought to action. This aims to find the most rational way for future actions to ensure maximum efficiency of managerial actions. The process further increasing the effectiveness of management’s actions requires that any decision to have a solid scientific foundation. A characteristic of a decision is that it is an expression of a rational act, consistently formulated, and based on interpretation of information that is processed in order to pursue alternatives aimed at achieving predetermined objectives.

Suggested Citation

  • Stelian PÂNZARU, 2010. "Managerial Decisions In Business," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 11(1), pages 110-117, March.
  • Handle: RePEc:fmb:journl:v:11:y:2010:i:1:p:110-117
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    References listed on IDEAS

    as
    1. Scherrer-Rathje, Maike & Boyle, Todd A. & Deflorin, Patricia, 2009. "Lean, take two! Reflections from the second attempt at lean implementation," Business Horizons, Elsevier, vol. 52(1), pages 79-88.
    2. Wallace J. Hopp & Mark L. Spearman, 2004. "To Pull or Not to Pull: What Is the Question?," Manufacturing & Service Operations Management, INFORMS, vol. 6(2), pages 133-148, August.
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