Heuristic methods as a powerful managerial tool for enterprise in times of uncertainty Cover Image

Metody heurystyczne jako skuteczne narzędzie zarządzania przedsiębiorstwem w czasach niepewności
Heuristic methods as a powerful managerial tool for enterprise in times of uncertainty

Author(s): Małgorzata Mazurkiewicz
Subject(s): Business Economy / Management, Methodology and research technology, Health and medicine and law
Published by: Szkoła Główna Handlowa w Warszawie
Keywords: heuristics; managerial decision-making process; uncertainty; Covid-19 pandemic;

Summary/Abstract: In managing enterprise, uncertainty belongs to the attributes of the decision making processes. In competitive environments, where success depends on high-quality decisions, taking the wrong steps can lead to loss of market share or even contribute to running out of business. That is why it is important to choose from the many alternatives those methods which will be most effective in solving problems in a simple and quick way, and heuristics offer such a solution, which has proved its usefulness in uncertain business environments. The aim of this study is to present and evaluate heuristic methods and show their specificity and applicability in management science for enterprises in times of uncertainty. In this article, the theoretical aspect of managerial heuristics is presented, and the emphasis is also placed on presenting practical examples of applying heuristics in companies with times of uncertainty, but also in these times of the Covid-19 pandemic. The study also offers conclusions and provides practi al recommendations.

  • Issue Year: 63/2022
  • Issue No: 1
  • Page Range: 57-70
  • Page Count: 14
  • Language: English
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