The study evaluated the decision-making processes and determined that the factors that influence the administrative decision-making processes can be divided into рersonal and material aspects. The main purpose of the article was to identify ways to improve the decision-making process by identifying the factors that influence it. It is found that the concept of "underfunding" is relative. Management decisions are not attributed to the category of expenditures. They are unrelated to the purchase of technology and new equipment. The main factor, however, is the organizational culture and the management system. After all, knowledge in the field of management and administration, appropriate training and development of innovations in the field of management is important for most managers. It is emphasized that an important element of decision making is to ensure that it is properly substantiated. It should properly inform those who are interested in its adoption. The decision should outline the key aspects under consideration and the underlying considerations. It should contain a detailed statement of all the essential issues. The basic prerequisites for making an effective management decision are identified: they must make a clear strategy, resource allocation and risk identification; the ideas put forward by decision makers should be taken into account; the decision-making procedure must be fast in order not to lose its relevance; the decision should not contradict the decisions of other management structures, as there must be consistency between them for the implementation of the functions entrusted to the institution. It is proved that several steps are needed to make a decision: first, to identify the problem to be solved and the goals to be achieved, secondly, to identify the alternatives that lead to the proposed goals, and to evaluate whether the alternatives meet the expected the result, thirdly, to take all necessary measures to implement the solution. It is concluded that an effective managerial decision must be pragmatic, since it is an important step in its implementation. If the solution does not translate into work and a concrete result, it is not the decision, it is the intention.
MANAGEMENT DECISIONS AND FACTORS THAT INFLUENCE THE PROCESS OF ITS ADOPTION AND IMPLEMENTATION
