scholarly journals Managerial Decision on Strategic Objectives in Global Environment

2020 ◽  
Vol 74 ◽  
pp. 01029
Author(s):  
Zaneta Rylkova ◽  
Jarmila Sebestova
Keyword(s):  
Decision Making ◽  
Business Performance ◽  
Global Environment ◽  
Primary Data ◽  
Primary Research ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
The Czech Republic ◽  
Strategic Objectives ◽  
Managerial Skills

Managerial decision making is important in an enterprise and in leadership. Strategic objectives are, in general, objectives that an enterprise have to achieve to make its long-range plan that means a strategy succeed, especially in globalized environment. Each enterprise currently face the globalization that is why these enterprise have to know what can be done to achieve enterprise objectives more effectively within the future. The aim of the paper is to identify factors which can have an impact on decision making in the area of strategic objectives. Analysis shows the influence of selected variables such as financial performance, passion for work, managerial skills and communicated strategy on strategic objectives setting to be more open and dynamic or international. The paper is based on primary data collection from a recent survey of enterprises from the Czech Republic and on comparison with international resources focused on decision on strategic objectives. The primary research provides the support for relationships importance between selected variables for the managerial decision on strategic objectives. The secondary research introduces what specifically affects those variables. Moreover, the paper highlights that with managerial skills, a manager will assist the enterprise in achieving its objectives and business performance.

scholarly journals A Managerial Decision Making Capability Framework For Adopting Technology Innovation Within Construction SMEs : Analysis and Results

2016 ◽  
Vol 8 (4) ◽  
Author(s):  
Mazura Mahdzir ◽  
Sharifah Mazlina Syed Khuzzan
Keyword(s):  
Decision Making ◽  
New Technology ◽  
Structured Interview ◽  
Primary Data ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Top Managers ◽  
New Concepts ◽  
Building Information ◽  
Multiple Case

The slow adoption of new technology within construction SMEs is influenced by the capability of managers in making decisions. Therefore, this paper aims to report the development of a conceptual framework related to managers’ decision making capability in adopting technological innovation; specifically referring to Building Information Modelling (BIM). The primary data collection involves semi-structured interview, while the multiple-case (holistic) design was used for developing the managerial decision making capability framework.. The development of the framework was analysed using comparative analysis (cross-case ) of thirteen (13) top managers within the construction SMEs organisations. Comparisons were made between existing theories and new concepts raised by top managers. The findings revealed that  regardless of various views obtained from top managers, the adoption of BIM software has been influenced by managerial non-behavioural and behavioural capability, that have been categorised into five (5) main themes.

scholarly journals FUZZY LOGIC AND ARTIFICIAL INTELLIGENCE TOOLS IN THE CONTEXT OF TOURISM ANALYSIS

2020 ◽  
pp. 601-617
Author(s):  
Simona Hašková ◽  
◽  
Jakub Horák ◽  
Keyword(s):  
Artificial Intelligence ◽  
Decision Making ◽  
Fuzzy Approach ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
The Czech Republic ◽  
Travel And Tourism ◽  
Tourism Sector ◽  
Qualitative Nature

Qualitative and quantitative approaches to multicriteria evaluation and managerial decision- making often ignore the specifics of the role of the human factor. This article summarizes management methods that reflect not only numerical inputs but also data of a qualitative nature while considering their applicability in the tourism sector. Some of them can be assorted within the classes of Artificial intelligence. The focus is on the fuzzy approach at the theoretical and application level. The fuzzy approach is used to evaluate the degree of country travel and tourism competitiveness of selected European and Asian countries based on subjective rankings from the viewpoint of travelling persons. The results indicate that among countries under review, China is ranked as a highly competitive country in travel & tourism. Conditional competitive countries in terms of travel & tourism are the Czech Republic, Pakistan, Russia, and Turkey.

scholarly journals Value Added: Technique for Corporate Performance Measurement under Social Perspective

KINERJA ◽  
2017 ◽  
Vol 21 (1) ◽  
pp. 109
Author(s):  
Bharata Bhusan Sahoo ◽  
Alok Kumar Pramanik
Keyword(s):  
Decision Making ◽  
Economic Performance ◽  
Business Performance ◽  
Annual Report ◽  
Value Added ◽  
Added Value ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Additional Approach ◽  
Significant Bearing

Financial Analysts consider as profit the most important measure of business performance. Profit may be expressed in terms of money value and measured as sales margin percentage or be calculated as return of investment. These, in any form, are used as basis for measure of business performance. In recent years, considerable interest have  been shown in the use of value added as an alternative or additional approach to measure the operational efficiency and profitability of a business. A lot of discussion have been going on about reporting the performance of an organization in terms of value added rather than conventional profit or loss. The information disclosed by the Statement of Value Added, based on Value Added Accounting and reporting is considered to be much more useful than that disclosed by the conventional profit and loss account in providing a realistic basis for measuring the economic performance of an organization. The concept has received great attention in accounting practices with the emergence of large corporations having significant bearing on the society and finally on the economy for multi-dimensional impact over and above the owners. Value added system is a very useful measure of judging the performance of an enterprise for managerial decision-making and for inter-firm comparison.Keywords: Value Added; Value Added Accounting and Reporting, Value Added Statement, Annual Report.

Complexity and Control

2018 ◽  
pp. 97-129
Keyword(s):  
Decision Making ◽  
Strategic Planning ◽  
Traditional Approach ◽  
Strategic Decisions ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Strategic Objectives ◽  
Planning Cycle ◽  
And Control ◽  
Selection Of

The aim of this chapter is to illustrate forecasting, planning, and budgeting as managerial activities involving decisions on a deliberate set of future actions aimed at pursuing strategic objectives. The chapter starts by emphasizing the importance of complexity in managerial decision-making and its implications on predicting future. The discussion then moves to forecasting, highlighting forecasting process, main methods, goals, and the selection of the techniques. Next, the chapter focuses on planning, depicting the traditional approach to strategic planning cycle, its role in firms, main limitations, and alternative frameworks developed to support strategic decisions under uncertainty. Finally, budgeting is considered, describing the steps involved in the preparation of the master budget, main criticisms, and discussing the use of budgets in uncertain contexts.

scholarly journals Prediction of hotel bookings cancellation using hyperparameter optimization on Random Forest algorithm

2020 ◽  
Vol 9 (1) ◽  
pp. 15-21
Author(s):  
Yufis Azhar ◽  
Galang Aji Mahesa ◽  
Moch. Chamdani Mustaqim
Keyword(s):  
Decision Making ◽  
Random Forest ◽  
Business Performance ◽  
Model Performance ◽  
Machine Learning Algorithms ◽  
Model Parameters ◽  
Random Forest Algorithm ◽  
Managerial Decision ◽  
Hyperparameter Optimization ◽  
Managerial Decision Making

Cancellation of hotel bookings by customers greatly influences hotel managerial decision making. To minimize losses by this problem, the hotel management made a fairly rigid policy that could damage the reputation and business performance. Therefore, this study focuses on solving these problems using machine learning algorithms. To get the best model performance, hyperparameter optimization is applied to the random forest algorithm. It aims to obtain the best combination of model parameters in predicting hotel booking cancellations. The proposed model is proven to have the best performance with the highest accuracy results of 87 %. This study's results can be used as a model component in hotel managerial decision-making systems related to future bookings' cancellation.

scholarly journals Vezetői döntéshozatal és versenyképesség (The managerial decision making and the competitiveness)

2007 ◽  
pp. 18-28
Author(s):  
Zita Zoltayné Paprika ◽  
Ágnes Wimmer ◽  
Richárd Szántó
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
Performance Appraisal ◽  
Business Performance ◽  
Management Decision ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
The World ◽  
Decision Supporting ◽  
Management Decision Support

A tanulmány a vezetői döntéshozatal három lényeges aspektusát tárja fel. A Versenyben a világgal c. kutatási program eredményei alapján arra lehet következtetni, hogy a menedzserek döntéshozatali képességei és megközelítései, a vállalati teljesítménymérés és menedzsment döntéseket támogató szerepe, valamint a vállalatok érintettekhez fűződő viszonya meghatározó lehet a hatékony vezetői döntéshozatal során. A vállalati döntéshozatal jellemzőinek bemutatása után megvizsgáljuk azt is, hogy a különböző teljesítményű cégek döntéseit mennyire támogatja a menedzserek felkészültsége, a teljesítménymérési gyakorlat és az érintettek elvárásai. A szerzők úgy találták, hogy a fenti tényezők mindegyike hozzájárul a hazai cégek versenyképességéhez, általánosságban ugyanis elmondható, hogy a döntéseket támogató vállalati környezet jobb üzleti teljesítményhez és gyorsabb reagálóképességhez vezethet. Az eredmények összegzése mellett ajánlásokkal is éltek a vállalatok számára, amelyek alkalmazásával hatékonyabb döntéseket hozhatnak. _______ This study presents three main aspects of the managerial decision making. Based on the results of the research program In competition with the World it points to the fact that decision making abilities and approaches of the managers, the corporate performance appraisal and the management decision support role, and the corporate relations to the stakeholders will be determinant in the process of the efficient managerial decision making. After presentation of characteristics of the corporate decision making the authors examine that how the decisions of enterprises with different performances are supported by the preparedness of the managers, the performance appraisal practice and the stakeholders expectations. The authors have thought that every factor contributes to the competitiveness of the domestic enterprises, and generally the decision supporting corporate environment can lead to better business performance and faster responsive abilities. Besides the results summary the authors give useful recommendations to the corporations with which they can make more efficient decisions.

scholarly journals Managerial decision-making on the location of banking headquarters in the Czech Republic

GeoScape ◽  
2017 ◽  
Vol 11 (2) ◽  
pp. 76-83 ◽  
Author(s):  
Jan Sucháček ◽  
Jolana Skaličková ◽  
Jan Široký
Keyword(s):  
Decision Making ◽  
Cluster Analysis ◽  
Czech Republic ◽  
Location Decision ◽  
Location Factors ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
The Czech Republic ◽  
Stay Behind

AbstractLocation decision-making constitutes one of pivotal tasks for banking managements, which applies to both banking headquarters and affiliates. The main objective of this article consists in analysis and interpretation of location factors that stay behind location-decision making of banking managements and subsequent collocation of banking head offices in the Czech Republic. In doing so, cluster analysis was utilised appropriately and it turned out, initial 18 location factors can be decreased to final three mutually similar groups, which satisfactorily embody location criteria banking managements take into account. As it has been proven banking landscape in the Czech Republic is still influenced by traditional hard factors of location, nonetheless their soft counterparts should be increasingly considered.

Sign in / Sign up

Export Citation Format

Share Document