scholarly journals The Signs and Priniciples of Goal Setting as a Specific Kind of Activity

2016 ◽  
Vol 9 (36) ◽  
pp. 420-428
Author(s):  
Lujza Jurkovičová ◽  
Natalya Kubiniy ◽  
Tamila Kosovilka ◽  
Viktoria Marhitich
Keyword(s):  
Decision Making ◽  
Strategic Management ◽  
Economic System ◽  
Goal Setting ◽  
Specific Kind ◽  
Characteristic Features ◽  
The Individual ◽  
The Relationship ◽  
Qualitative Characteristics

Abstract The article is devoted to identifying the characteristics and principles of goal setting as part of the strategic management of the economic system. The article determines principles and characteristic features of goal setting as an activity. The authors propose the relationship between the individual and the principles of qualitative characteristics of goal-setting, which allows the process of management and decision-making to enhance the effectiveness of goal-setting characteristics through the activation of specific principles.

Relationship between competitive strategy and construction organisation performance

2016 ◽  
Vol 54 (9) ◽  
pp. 2340-2366 ◽  
Author(s):  
Luqman Oyekunle Oyewobi ◽  
Abimbola Olukemi Windapo ◽  
James Olabode Bamidele Rotimi ◽  
Richard Ajayi Jimoh
Keyword(s):  
South Africa ◽  
Decision Making ◽  
Strategic Management ◽  
Competitive Strategy ◽  
Management Style ◽  
Research Approach ◽  
Organisational Performance ◽  
Content Type ◽  
The Relationship

Purpose The purpose of this paper is to examine the possible moderating role of organisational characteristics (organisational structure, management style and decision-making style) in the relationship between strategy and organisational performance among large construction organisations in South Africa. Design/methodology/approach The study adopted a quantitative research approach using a questionnaire survey to obtain data from 72 large construction organisations in South Africa. Using hierarchical multiple regression, the paper examines the relationship between the constructs discussed in the study. Findings The internal characteristics of the organisation form the vital basis for achieving optimal performance. The results obtained from the analysis revealed that decision-making style directly influences the measure of organisational effectiveness, while it could also be inferred that organisational characteristics partly moderate the relationship between competitive strategy and organisational performance. The findings indicate that internal characteristics is one of the means through which organisational strategic factors and contextual aspects are organised to achieve greater organisational performance levels. Originality/value The findings have theoretical implications for strategic management literature in construction as it extends the scope of research on strategic management from assessing a set of individual management practices to evaluating a complex mechanism that connects internal characteristics and competitive advantage. It is believed that this study will contribute positively to the role of organisational characteristics in the competitive strategy-performance relationships in large construction organisations in South Africa and to the ongoing discussion on emerging strategic management issues in construction.

scholarly journals Influence of portofolio management in decision-making

2018 ◽  
Vol 11 (3) ◽  
pp. 406
Author(s):  
Rolney Baptestone ◽  
Roque Rabechini
Keyword(s):  
Decision Making ◽  
Strategic Management ◽  
Portfolio Management ◽  
Single Case ◽  
Case Study Method ◽  
Financial Organization ◽  
The Subject ◽  
The Relationship ◽  
Practical Implications

This research aims to demonstrate how portfolio management influences the decision-making process in the projects of a financial organization. And to achieve this goal was used the single case study method. In order to reach this goal, the study began by means of bibliometric research on the subject of portfolio management and subsequent bibliographic research on the theme, decision making. Next, the relationships between portfolio management and decision making were studied. The results of the data collected confirmed the relationship between "the use of the project identification process in portfolio management to influence decision making" in order to add value to the business. It is also possible to demonstrate moderately that "the use of criteria for project selection influences the consequences of decision making", helping in the strategic management of the organization. One of the academic contributions was to note a migration of the portfolio management process, such as a tool that only controls the projects that will compose the portfolio of an organization, for a process that aims at a direct alignment with the strategic management of the organization. Regarding the practical implications, it was verified the importance of portfolio analysis for decision making, to the detriment of the evaluation of only one project. Taking into account the profitability and the return on investment of the projects, as the most important aspects for a decision making.

scholarly journals Organizational and economic mechanisms of qualitative modeling of sustainable development of the enterprise

2021 ◽  
Vol 280 ◽  
pp. 02008
Author(s):  
Olga Maslak ◽  
Natalya Grishko ◽  
Mykhailo Odintsov ◽  
Yaroslava Yakovenko ◽  
Khatuna Buchashvili
Keyword(s):  
Sustainable Development ◽  
Numerical Modelling ◽  
Strategic Management ◽  
Economic System ◽  
Latent Variables ◽  
Adaptive Model ◽  
Qualitative Modeling ◽  
Successful Operation ◽  
Mining Enterprise ◽  
The Relationship

In modern conditions the successful operation of enterprises and maintaining the sustainability of their development depend on the adaptive model of strategic management of the enterprise. The development of such a model using traditional econometric approaches was proposed in the paper. It was suggested by the authors to take into account the prerequisites and specifics of operating activities using the method of PLS (Partial Least Squares), when it is possible to find several important (result) indicators out by the transition from the original set of features to the set of major components of a smaller dimension while maintaining causal relationships allows. The PLS-PM model of sustainable development of the mining enterprise as a complex economic system was done. The essence of latent variables and the relationship between them were identified and substantiated as well as the numerical modelling was performed using the methods of scientific generalization and abstraction.

scholarly journals A big data analysis of the relationship between future thinking and decision-making

2018 ◽  
Vol 115 (8) ◽  
pp. E1740-E1748 ◽  
Author(s):  
Robert Thorstad ◽  
Phillip Wolff
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Population Level ◽  
Future Thinking ◽  
Individual Level ◽  
The Future ◽  
The Individual ◽  
Near Future ◽  
The Relationship ◽  
Far Future

We use big data methods to investigate how decision-making might depend on future sightedness (that is, on how far into the future people’s thoughts about the future extend). In study 1, we establish a link between future thinking and decision-making at the population level in showing that US states with citizens having relatively far future sightedness, as reflected in their tweets, take fewer risks than citizens in states having relatively near future sightedness. In study 2, we analyze people’s tweets to confirm a connection between future sightedness and decision-making at the individual level in showing that people with long future sightedness are more likely to choose larger future rewards over smaller immediate rewards. In study 3, we show that risk taking decreases with increases in future sightedness as reflected in people’s tweets. The ability of future sightedness to predict decisions suggests that future sightedness is a relatively stable cognitive characteristic. This implication was supported in an analysis of tweets by over 38,000 people that showed that future sightedness has both state and trait characteristics (study 4). In study 5, we provide evidence for a potential mechanism by which future sightedness can affect decisions in showing that far future sightedness can make the future seem more connected to the present, as reflected in how people refer to the present, past, and future in their tweets over the course of several minutes. Our studies show how big data methods can be applied to naturalistic data to reveal underlying psychological properties and processes.

Aggregation of Information by Binary Voting Rules

2019 ◽  
pp. 126-144
Author(s):  
Shmuel Nitzan ◽  
Jacob Paroush
Keyword(s):  
Decision Making ◽  
Collective Decision ◽  
Aggregation Rule ◽  
Collective Decision Making ◽  
Main Question ◽  
Relevant Variables ◽  
Aggregation Of Information ◽  
Group Members ◽  
The Individual ◽  
The Relationship

A group of individuals faces the choice of an alternative out of a set of alternatives. Each member of the group holds an opinion regarding the most suitable (best) alternative for which he or she votes. In this setting, the individual votes are based on their decisional competencies, which hinge on the information to which they are exposed and on their ability to make use of that information. The main question is how to translate the group members’ voting profile to a single collective choice. This chapter studies different aspects of this question in the context of binary voting where the group faces only two alternatives. The selection of an appropriate aggregation rule is a central issue in the fields of social choice, public choice, voting theory, and collective decision making. Since the votes are based on the individual competencies, the applied aggregation rule should take into account not only the voting profile but also the competency profile. In fact, it should also take into consideration any other relevant environmental information such as the asymmetry between the feasible alternatives, the dependence between individual votes, decision-making costs, and the available past record of the voters’ decisions. The chapter focuses on the clarification of the relationship between the performance of binary aggregation rules and the relevant variables and parameters. This has direct normative implications regarding the desirable mode of collective decision making and, in particular, regarding the desirable aggregation rule and the size and the composition of the decision-making body.

INTERDEPENDENCE OF PERSONALITY HARDINESS AND PSYCHOLOGICAL CAPITAL

2021 ◽  
Vol 68 (3) ◽  
Author(s):  
A. R. Yermentayeva ◽  
Keyword(s):  
Psychological Capital ◽  
Self Esteem ◽  
External Pressure ◽  
Distinctive Features ◽  
Personality Hardiness ◽  
Characteristic Features ◽  
Main Components ◽  
The Individual ◽  
Relationship Of ◽  
The Relationship

The purpose of the study was to identify the interdependence of the process of hardiness and psychological capital of the individual. The hardiness of the individual is considered as the main resource for turning life events into new opportunities and experience, despite the external pressure. The concept of psychological capital has relatively recently come into use. It expresses the general resource state of a person and is formulated as a property that makes it possible to evaluate one's achievements in life, and one’s potential. The article analyzes the theories of the personality hardiness and psychological capital in foreign and domestic psychological science and the relationship of a number of similar concepts and phenomena in it; the main components, characteristic features and the main signs of their interdependence. The conclusion drawn is based on the data of theoretical analysis and experimental research of the properties of personality and psychological capital. The experimental study covered individuals aged 19 to 25 (N=35). In the course of the study, two methods were used: "Hardiness test" (S. Maddi) and the test "Psychological capital" (F. Luthans). It was found that the basis of the interdependence between the components of hardiness and psychological capital are the following distinctive features – the relationship between "commitment" and "self-efficacy", the relationship between "commitment" and "optimism", the relationship between" control "and "self-esteem", the relationship between "challenge" and "self-esteem".

Does Your Organization Have the Right Climate for Merit?

1987 ◽  
Vol 16 (2) ◽  
pp. 127-133 ◽  
Author(s):  
Barry Wisdom ◽  
Dennis Patzig
Keyword(s):  
Decision Making ◽  
Organizational Climate ◽  
Decision Making Process ◽  
The Public ◽  
And Performance ◽  
Merit Systems ◽  
The Individual ◽  
The Right ◽  
Performance Results ◽  
The Relationship

The success of merit systems is closely linked to the establishment of key expectations in the minds of employees concerning the relationship between pay and performance. Results of a national survey suggest that different expectations are being formed in the public versus the private sectors. The role organizational climate plays in this finding and in the individual employee's decision making process regarding effort expended at work is modeled and discussed. Suggestions for fostering merit success are also addressed.

Juvenile Court Outcomes for Retail Offenders: An Examination of Offense Type, Sex, and Race/Ethnicity

2021 ◽  
pp. 001112872110226
Author(s):  
Richard L. Elligson ◽  
Jennifer H. Peck ◽  
James V. Ray
Keyword(s):  
Decision Making ◽  
Juvenile Court ◽  
Court Decision ◽  
Joint Effects ◽  
Offense Type ◽  
Race Ethnicity ◽  
Judicial Outcomes ◽  
Extralegal Factors ◽  
The Individual ◽  
The Relationship

Using all delinquency referrals in a Northeast state, the current study examined how youth charged with retail offenses differed from other offense types across multiple juvenile court outcomes (i.e., petition, adjudication, and disposition). The individual and joint effects of a juvenile’s sex and race/ethnicity were also investigated to determine whether these extralegal factors conditioned the relationship between offense type and juvenile system processing. Findings indicate that at each decision-making stage, retail offenders were significantly more likely to be treated with leniency compared to other offense types. The results also reinforced the continued impact of sex and race/ethnicity on shaping judicial outcomes at each stage. Implications regarding the processing of juvenile retail offenders and the influence of juvenile characteristics on juvenile court decision-making are discussed.

scholarly journals DECISION-MAKING IN THE MANAGEMENT OF THE TAX AUTHORITIES ON THE BASIS OF INTEGRATED PERFORMANCE INDICATORS

2019 ◽  
pp. 32-40
Author(s):  
Oleksandr Redych
Keyword(s):  
Decision Making ◽  
Strategic Management ◽  
Goal Setting ◽  
Economic Efficiency ◽  
Performance Indicators ◽  
Productivity Cost ◽  
Managerial Decisions ◽  
Integral Convolution ◽  
Key Indicators ◽  
Integrated Performance

The paper highlights the results of applying the methodology of integral convolution of key indicators of economic efficiency of territorial subdivisions of the tax authority of the state: results of tax collection, productivity, cost, dynamics of indicators. The criteria for grouping of territorial tax divisions according to the values of the indicator of effectiveness for the purpose of making tactical and strategic management decisions are formed. The paper formulates recommendations on the use of the proposed approach in goal- setting when making managerial decisions based on the "sigma" management.

scholarly journals Sharia Islamic Economics in the Middle of Civilization Transition

2021 ◽  
Vol 3 (1) ◽  
pp. 64-75
Author(s):  
Mohammad Ghozali ◽  
Resi Handayani ◽  
Wahyudi Bakri
Keyword(s):  
Economic System ◽  
Secondary Data ◽  
Advantages And Disadvantages ◽  
Positive Side ◽  
Library Research ◽  
The Government ◽  
Islamic Economic ◽  
The Individual ◽  
The Right ◽  
The Relationship

The existence of an economic system of capitalism, an economic system of socialism, and an economic system of sharia are a response to problems regarding the economy as well as an answer to removing people from the obscurity of the existing economic system. It’s hoped that these systems will be the key to the economic success of a society. But there are always advantages and disadvantages to every existing system. The economic system of capitalism is an economic system hi which investors or owners of capital are the movers and rulers. Meanwhile, the economic system of socialism is a system hi which the government is the main control, this system ignores the position of the individual, everything is regulated by the ruler and no one has the right other than the ruler. The considerations positives and negatives of each system have created a sharia economic system where this system has every positive side of the capitalist and socialist economic system but ignores the shortcomings or negative sides of the two systems. This paper discussed how the economic system of capitalism, the economic system of socialism, the Islamic economic system, and the relationship between them. The method used in this writing was library research, in which the authors used various secondary data from books, article, and many more. The results showed that it is clear that there are far differences between the conventional economic system and the Islamic economic system, the conventional economic system includes the economic system of capitalism and the economic system of socialism.

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