scholarly journals Control in the system of managerial decisions procedures: a conceptual view

2016 ◽  
Vol 14 (3) ◽  
pp. 203-215
Author(s):  
Khanif Mullakhmetov
Keyword(s):  
Practical Importance ◽  
Jel Classification ◽  
Management Control ◽  
Managerial Decision ◽  
Efficient System ◽  
Managerial Decisions ◽  
Adoption And Implementation ◽  
Organization Analysis ◽  
Control Procedures

The aim of this study is to investigate the role of control and develop the common approaches to the control in a key area of management – the organization of the process of preparation, adoption and implementation of managerial decisions, which could serve as the basis for creating and maintaining an efficient system of control in organizations and a reference for solving problems in a variety of managerial situations. The structured analysis of the necessary and sufficient set of stages (phases) and the procedures of development, adoption and implementation of managerial decisions that ensure the managerial cycle have allowed the author to evaluate the role and place of the stages and procedures, specify the role of control in the process of management, and the relationship of the control and other managerial procedures. Understanding the characteristics of the relationships and the role of control can be required by the management in order to create a system of control taking into account the specifics of the organization. Analysis of the “managerial” and “executive” decisions allowed the author to identify the ratio of different types of control at their implementation. Interconnection between development technologies, adoption and implementation of managerial decisions and control procedures provides some practical importance for management. The results of the study can be used by management of various organizations to develop common approaches to solving problems in various managerial situations, using the conclusions drawn by the author. Keywords: management, control, managerial decisions, purpose of the managerial decision, problem. JEL Classification: M19, L29, D80

scholarly journals The Influence of Delegation of Authority and Management Control on the Effectiveness of Managerial Decision-Making in the Arab Pharmaceutical Manufacturing Company Limited in Al-Salt City in Jordan

2019 ◽  
Vol 10 (4) ◽  
pp. 13
Author(s):  
Mohammed A. Abu Rumman ◽  
Amani Abdelhafeeth Alzeyadat
Keyword(s):  
Management Control ◽  
Pharmaceutical Manufacturing ◽  
Managerial Decision ◽  
Administrative Control ◽  
Delegation Of Authority ◽  
Managerial Decisions ◽  
Company Limited ◽  
Manufacturing Company ◽  
Position Data ◽  
Survey Questionnaires

The purpose of this study was to identify the influence of delegation of authority and administrative control on the effectiveness of managerial decisions in the Arab Pharmaceutical Manufacturing Company Limited in Al-Salt city in Jordan taking into account the demographic factors: gender, age, years of experience, educational qualifications, and job position. Data were collected through survey questionnaires, which were distributed among the sample of the study. The researchers used a census-style for collecting data from the population of the study which consisted of (286) employees in the Arab Pharmaceutical Manufacturing Company Limited in Al-Salt city. The (252) questionnaires that were distributed amongst the study sample were valid for statistical analysis. The researchers used many statistical methods, including; frequencies, percentages, arithmetic mean, standard deviation, simple and multiple regression. The results indicated that there was a statistically significant impact of the delegation of authority and administrative control on the effectiveness of management officials’ administrative decisions of the Arab Pharmaceutical Manufacturing Company in Al-Salt city.

scholarly journals Rational Managerial Decisions in Business Sector

2021 ◽  
Vol 2021 (1) ◽  
pp. 66-77
Author(s):  
Evgeny Shumkin
Keyword(s):  
Decision Making ◽  
Public Relations ◽  
Social Relations ◽  
Business Environment ◽  
The State ◽  
Managerial Decision ◽  
Managerial Decisions ◽  
The Social ◽  
Business Area

This article features managerial decisions in business area, where the state plays the role of an external regulator of public relations and the main influencer. The legal tools that affect decision-making in business depend on the social mechanisms of business regulations. The author describes the position of the rational regulator that evaluates the decisions made by a business entity. Positive law is an integral part of objective reality and is a set of codified principles of legally appropriate behavior. Imperative and dispositive regulations of public relations in business area imply that a business entity can choose a model of managerial and entrepreneurial behavior based on the rules provided by the legislator. The active role of the state as an external regulator of the social relations reflects the problem of dissonance between legal and social norms underlying managerial decision-making, which leads to additional economic and transaction costs. The paper also features the problem of frustration conflict between the regulator and the business environment in the context of applying the rationality proposed by the state in business activities and the problem of choosing the right managerial decision for its subjects. By refusing from a radical and negative assessment of the entrepreneur's management decisions, the state can solve this problem. The state needs to be more tolerant to business risks as an alternative rationality, without identifying them with deviant behavior. By preventing alienation of business from the state, one can eliminate the conflict between law and favorable climate in business area, i.e. maximal convergence of social and legal norms.

scholarly journals Behavioral Cost of Managerial Decisions Under Risk Perception and Culture: A Comparative Study Between the United States and Pakistan

SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110278
Author(s):  
Nishwa Iqbal Dar ◽  
Syed Zulfiqar Ali Shah ◽  
Zeeshan Ahmed
Keyword(s):  
Decision Making ◽  
New York ◽  
Risk Perception ◽  
Cognitive Biases ◽  
Stock Exchange ◽  
The United States ◽  
Managerial Decision ◽  
Managerial Decisions ◽  
Overconfidence Bias

The study is an attempt to find the reasons for biased behavior of overconfident managers while making financial decisions on behalf of shareholders. The study further seeks the ways to resolve the problems faced by firms due to such biased decision-making. For this purpose, quantitative research method is used to uncover the new information for better understanding of study. The comparative analysis has been done through survey-based data collected from executives/managers of firms listed on Pakistan Stock Exchange and New York Stock Exchange. The results indicate that overconfidence bias plays a significant role in managerial decisions for Pakistan compared with U.S. managers. This study applied mediation and moderation tests and found the significant mediating role of risk perception for overconfidence bias and manager decisions. The study further checked moderating role of cultural value, that is, the role of uncertainty avoidance between overconfidence bias of managers and risk perception. Hence, the role of cognitive biases and bounded rationality is undeniable for managerial decision-making and ultimate behavioral cost that firms have to pay due to undesired outcomes of situations. Consequently, this study has reached to extract the hidden facts and solutions to the observed issues for developed and emerging economy’s firms through cultural differences.

scholarly journals Experience of using public relations in promoting Russian education in Mongolia.

2021 ◽  
Vol 4 (1) ◽  
pp. 44-58
Author(s):  
Tatyana Budaeva ◽  
Keyword(s):  
Public Relations ◽  
Russian Language ◽  
Communication Strategy ◽  
Cultural Economic ◽  
Managerial Decisions ◽  
Adoption And Implementation ◽  
Science And Culture ◽  
Russian Education ◽  
Further Development

The article is devoted to consideration of the experience of using public relations and state-public mechanisms for promoting Russian education and the Russian language in Mongolia. These mechanisms provide for the intensification of activities with state and non-state structures of Mongolia with the goal of expansion of scientific, educational, cultural, economic, informational and other humanitarian ties. The author analyzes in detail the effectiveness of mechanisms of informational support for the activities of representative offices and marketing in social networks, which is a communication strategy in the Mongolian media space. Improving institutional mechanisms provides for the steady expansion of the public’s participation in the development, adoption, and implementation of managerial decisions in promoting Russian education, including as part of a selection campaign for the distribution of intergovernmental quotas in Mongolia. An important aspect of the study was to identify the role of the authorities of a friendly country and partner organizations of the Russian Centre of Science and Culture in Ulaanbaatar. The results of the research are presented in the form of conclusions con-taining further development prospects.

scholarly journals Factor Analysis Models in Enterprise Costs Management

2020 ◽  
Vol 14 ◽  
Keyword(s):  
Factor Analysis ◽  
Agricultural Production ◽  
Managerial Decision ◽  
Diversification Strategy ◽  
Analysis Techniques ◽  
Managerial Decisions ◽  
Adoption And Implementation ◽  
Analytical Work ◽  
Analysis Models ◽  
The Impact

The process of substantiation, adoption and implementation of a managerial decision requires a lot of analytical work, which is based on the use of various economic calculations. Objective and accurate results of such an analysis are always in demand when developing and justifying managerial decisions. To estimate the impact of factor indicators on the effective feature, various factor analysis techniques have been developed based on such widely used research methods as the chain substitution method and the method of absolute differences. The main advantages of these methods are simplicity, efficiency and easy interpretation of the results. However, most of them do not give an accurate assessment of the influence of factors, since they do not take into account the sequence of replacement of indicators when performing calculations, depending on the degree of their significance. To analyze diversified production the problem arises how to estimate the impact of the composition of produced heterogeneous products on effective economic indicators, such as profit and total costs. Such a situation leads to the implementation of an incorrect production diversification strategy and errors in the formation of an optimal market composition. The article discusses and substantiates ways to eliminate identified problems in the construction of factor models on the example of agricultural production.

Enhancing the Business Value of Business Intelligence: The Role of Shared Knowledge and Assimilation

2013 ◽  
Vol 27 (2) ◽  
pp. 87-105 ◽  
Author(s):  
Mohamed Z. Elbashir ◽  
Philip A. Collier ◽  
Steve G. Sutton ◽  
Michael J. Davern ◽  
Stewart A. Leech
Keyword(s):  
Business Intelligence ◽  
Domain Knowledge ◽  
Large Body ◽  
Business Value ◽  
Management Control ◽  
Shared Knowledge ◽  
Managerial Decision ◽  
Support Organizations ◽  
It Executives

ABSTRACT Business intelligence (BI) systems have attracted significant interest from senior executives and consultants for their ability to exploit organizational data and provide operational and strategic benefits through improved management control systems. A large body of literature indicates that organizations have largely failed to use their business intelligence investments effectively to exploit the wealth of data they capture in their ERP systems. As a result, BI has too often failed to support organizations' managerial decision making at both the strategic and operational levels and, thus, failed to enhance business value. Whether and how organizations achieve business benefits from their BI investments remains unclear. This study draws on the strategic alignment and IT assimilation literature to develop a research model that theorizes the importance of BI systems assimilation, and the need for shared knowledge among the strategic and operational levels as the drivers of BI business value. Results from the study confirm the crucial role of BI assimilation in translating organizational resources into capabilities that enhance the business value of BI. The findings also contribute evidence on the importance of shared domain knowledge and the interrelations between senior business, IT executives, and operational-level managers for enhancing BI assimilation.

Reshaping the Economic Structure in Argentina: The Role of External Debt during the Macri Administration (2015–2019)

2021 ◽  
pp. 048661342097642
Author(s):  
Juan E. Santarcángelo ◽  
Juan Manuel Padín
Keyword(s):  
External Debt ◽  
Economic Structure ◽  
The United States ◽  
Jel Classification ◽  
Financial Capital ◽  
Economic Policies ◽  
Right Wing ◽  
Long Term Effects

Argentina’s right-wing shift in the 2015 presidential election concluded twelve years of center-left rule. The elected president, Mauricio Macri, claimed that the economy would experience normalization of existing imbalances and recover its strength in a “new political era.” However, the new administration quickly restored the dominance of neoliberal economic policies through a comprehensive set of initiatives, which centrally included the return to international financial debt and equity markets and submission to the International Monetary Fund’s (IMF) rules. This article analyzes Argentina’s external-debt-growth process and discusses its objectives and long-term effects. This paper posits that the indebtedness process carried out by the Macri administration—and its modality—not only increased the relevance of financial capital in the Argentine economy but also structurally conditioned any future nonorthodox alternative path of development. This outcome cannot be understood without taking into account the deliberate role of the United States, the IMF, and the top companies that operate in Argentina, as well as the complicity of many political sectors. JEL Classification: H63, F34, F63

Financial Access of Latin America and Caribbean Firms: What Are the Roles of Institutional, Financial, and Economic Development?

2021 ◽  
pp. 097265272110153
Author(s):  
Lan Khanh Chu
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Jel Classification ◽  
Caribbean Region ◽  
Country Level ◽  
Level Data ◽  
Latin America And Caribbean ◽  
The Impact ◽  
Moderating Role

This article examines the impact of institutional, financial, and economic development on firms’ access to finance in Latin America and Caribbean region. Based on firm- and country-level data from the World Bank databases, we employ an ordered logit model to understand the direct and moderating role of institutional, financial, and economic development in determining firms’ financial obstacles. The results show that older, larger, facing less competition and regulation burden, foreign owned, and affiliated firms report lower obstacles to finance. Second, better macro-fundamentals help to lessen the level of obstacles substantially. Third, the role of institutions in promoting firms’ inclusive finance is quite different to the role of financial development and economic growth. JEL classification: E02; G10; O16; P48

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