The Elaboration, Adoption and Application of the Decisions in the Management Process
The Elaboration, Adoption and Application of the Decisions in the Management Process

Summary/Abstract: The decision is an essential element of the management, its specific expression instrument being most important. The decision making is the essence of the management. The quality level of the management of an economic entity is manifested most strongly through the developed and applied decisions. The specific role of the decision emerges from the fact that the integration of the organization in the environment depends on the quality of the decisions which are made within it. In the same time, the quality of the decision-making process influences the costs discount, efficiency of the production factors use, profits increasing, generally all the economic-financial results of these. Given that the importance of the decision in the management process, this paper discusses the procedure for elaboration, adoption and application of the decision in the management activity, starting from emphasis of the decision role, presentation of the main elements of the this, classification modality of the decisions, stages in the decision-making process and this paper ends with a case study involving the application of the Bayes-Laplace criterion.

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