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The distinct evaluation of information in a new managerial function of information – decision

Author

Listed:
  • Săvoiu, Gheorghe
  • Pirlici, Valeria

Abstract

The function defined as information-decision can be considered today the central function of management; we believe that the option for a compromise of the type: prognosis of product or service, organization, information - decision, stimulation and control better responds to the new managerial conditions. Any decision primarily means correct information, in order to be able to choose. Surprisingly, from the old Greek term entropis to the actual managerial information it is not such a long way and stages of the new function of information-decision emphasise the continuous interdependences between information and decision, as well as a large number of characteristic features as a result of a necessary compromise in contemporary management.

Suggested Citation

  • Săvoiu, Gheorghe & Pirlici, Valeria, 2007. "The distinct evaluation of information in a new managerial function of information – decision," MPRA Paper 13561, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13561
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    More about this item

    Keywords

    information-decision; entropy; redundancy; managerial information and decision;

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence

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