Open AccessRESEARCH OF METHODS OF MAKING MANAGEMENT DECISIONS AND RISKS ACCOMPANYING THEM
Author(s) -
Anna Zhluktenko,
O. O. Savchuk,
Tetiana Lobodzynska
Publication year - 2021
Publication title -
naukovij poglâd: ekonomìka ta upravlìnnâ
Language(s) - English
Resource type - Journals
eISSN - 2706-9079
pISSN - 2521-666X
DOI - 10.32836/2521-666x/2021-76-6
Subject(s) - control (management) , meaning (existential) , business , process (computing) , process management , politics , knowledge management , human resource management , management science , public relations , computer science , management , political science , economics , psychology , law , psychotherapist , operating system
Management has a broad meaning, which includes management, leadership, administration. And not only the state, the enterprise, the organization, but also first of all the personnel, that is people. We attach this meaning to this word in the modern world, although the principle of management has historically originated in ancient times, because people have long sought to create management structures for various activities and management of society. Therefore, management - resource management using methods of planning, organization, coordination, motivation, control and analysis of these resources to achieve this goal. Today, management is one of the main foundations of entrepreneurial activity, as it allows you to make the right decision to achieve the main goal of each organization - to increase the company's overall profits and reach the international level. The problem of making management decisions for a long period of time attracts the attention of scientists and managers at various levels. One of the indicators of a manager's activity is his ability to make the right decisions. Since managers perform four management functions, they actually deal with a constant flow of decisions for each of them, ie planning, organization, motivation and control. Development and decision-making is a creative process in the activities of managers. As such, there is no universal, unified approach. The method should be chosen based on the current situation and taking into account the available resources and other important points. Decision-making is an integral part of human activity in any field: political, economic, cultural, personal life, etc. Decision-making is a function of each person in personal life and a function of a leader of any level in the management process. The possible consequences of decisions can affect the interests of not only one person or several, but also large teams, regions and society as a whole. Managers usually make a number of different decisions (both operational and strategic) on which the future of companies depends. Decision-making is a matter of great responsibility both to the organization itself and to its employees and other stakeholders. Any production or commercial activity is always associated with the risk of loss. To do this, the specialist must anticipate possible risks, calculate the probable losses and compare them with the amount of planned profit. The purpose of the study is to study and analyze methods of management decisions and risks that may arise as a result of actions taken. The article considers the main methods and models of management decision-making used to ensure effective management decisions in conditions of risk and uncertainty.