Current Questions of Managerial Function – Decision - Making in View of the Global Economic Crisis in the Conditions of the Slovak Republic
Current Questions of Managerial Function – Decision - Making in View of the Global Economic Crisis in the Conditions of the Slovak Republic

Summary/Abstract: The content of managerial functions is constantly evolving and responding to changing environmental conditions. These include the economic crisis, which is a certain milestone, a sudden disruption of how the businesses used to operate until then. Global economic crisis is one of the most significant environmental changes influencing all managerial functions – including decision-making. The crisis has removed the prejudice that only higher-level management managers make decisions in the companies. A corporate-wide approach is being preferred in decision-making, involving managers on different management levels and with different expertise. In this paper we examine the changes in given function due to the economic crisis and we test the hypothesis whether the currently increased participation of employees on decision-making processes is conditioned by the crisis. The statistical hypothesis is tested on the significance level of 0.05 with 115 foreign and domestic companies participating in the research and running their business in the Slovak Republic.

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