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Perspectives on decision-making among the Romanian managers

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  • Stefanescu, Razvan

Abstract

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.

Suggested Citation

  • Stefanescu, Razvan, 2004. "Perspectives on decision-making among the Romanian managers," MPRA Paper 8791, University Library of Munich, Germany, revised 17 May 2008.
  • Handle: RePEc:pra:mprapa:8791
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    File URL: https://mpra.ub.uni-muenchen.de/8791/1/MPRA_paper_8791.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    descriptive approaches of decision-making; business environment; investigation among executives; transition countries;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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