Open AccessThe Influence of the Time Factor on Managerial Decision Making
Author(s) -
Ksenia Valerievna Gorokhova
Publication year - 2020
Publication title -
teoriâ i praktika obŝestvennogo razvitiâ/teoria i praktika obŝestvenogo razvitiâ
Language(s) - English
Resource type - Journals
eISSN - 2072-7623
pISSN - 1815-4964
DOI - 10.24158/tipor.2020.12.8
Subject(s) - deci , situational ethics , discounting , factor (programming language) , set (abstract data type) , intersection (aeronautics) , time management , computer science , operations research , business , economics , management , mathematics , psychology , engineering , social psychology , autonomy , political science , finance , law , programming language , aerospace engineering
The paper deals with the time factor and its influ-ence on managerial decision making in organiza-tions. The technology of a set of situational factors of the company is proposed to determine the spheres of influence of the time factor on manageri-al decision making. The points of intersection of the time factor with management decisions, which are divided into internal and external by the influence exerted, are considered. Then the author refers them to accounting and regulation within operational and strategic management. The phenomenon of time discounting and its impact on management deci-sions are explained. Ways to improve the methodol-ogy of time management system for use in condi-tions of lack of time are presented. A method is pro-posed for calculating the economic efficiency of an enterprise, taking into account the time factor.