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The decision-making method, another argument for the business success

Author

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  • Canco Irina

    (Faculty of Business and Economics University of Pecs – Hungary, Ministry of Finance – Albania)

Abstract

The attempt for successful decision-making in business has been and still is a continuous managerial concern. The decision-making activity is very old. The Antiquity is compared to the upcoming of the human society. Currently, when Albania is involved in the integration process within the European structures, decision-making gets a special importance. In this context, the focus refers to problems of the methods used in decision-making. According to researches it comes out 76 percent of the managers use consider the manual methods. But the society is currently facing many economic problems. Therefore, we think and believe that it is very important that decision-making in business should support a new vision: decision- making oriented towards the statistical, econometric mathematical and computational methods. The achievement of this intention is linked with continuous efforts of the experts to affect the managers in order to change their psychology, with the aim to orient the decision-making towards contemporary methods, traditionally relied on as accurate. After the theoretical treatment, considering the paper dimensions there will be an evidence of the factors that have defined the current status of decision-making in business. In this context, the paper is a modest contribution that intends to highlight the rate of the dependence of the business success from the decision-making. The analysis will consider the opinion of the experts aiming at an examination of the current situation of decision-making in Albanian businesses. Interview was used as the main instrument to gather data. The data processing will be made by statistic method.

Suggested Citation

  • Canco Irina, 2013. "The decision-making method, another argument for the business success," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 6(2), pages 15-23, December.
  • Handle: RePEc:rse:wpaper:v:6:y:2013:i:2:p:15-23
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    More about this item

    Keywords

    coefficient of association; coefficient of Spearman; decision-making; performance.;

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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