scholarly journals The CEO‟s Managerial Skills, Ups and Downs of a Firm and Crisis

2017 ◽  
Vol 4 (4) ◽  
pp. 23
Author(s):  
Alexandru Trifu
Keyword(s):  
Decision Making ◽  
Human Resource ◽  
Financial Structure ◽  
Economic Systems ◽  
Managerial Skills ◽  
Financial Activity ◽  
Economic Entity ◽  
Short Run ◽  
John Reed ◽  
Peter Drucker

We are dealing in this paper with the general issue of management crisis, crisis as inflection and disturbing point for the economic entity. There many causes for the appearance and ongoing of crisis within socio-economic systems. We chose the most important cause: that of the action and decision-making of the outstanding human resource and propeller for the entire activity, the CEO.Starting from Peter Drucker‟s allegation that the CEO is the power-link between the organization and the business/natural environment, we want to highlight that the plans, the ideas, and intentions of a CEO dedicated and efficient lead to efforts and costs inside the entity and results (bad or good) outside, into society and markets. The CEO is main person to see, to predict, the opportunities for the performance of the company. BUT, the results can be favorable on medium run, or only on short run, involving possible subsequent crisis, consisting on undulating movements of the entity activity.Specifically, we propose the situation of John Reed, former CEO of Citicorp (then Citigroup), in fact the architect of the complex mega-financial structure which became Citigroup and negative repercussions occurred from factual financial activity of the corporation.

The moral and political economy of suicide prevention

2021 ◽  
pp. 144078332110011
Author(s):  
Scott J Fitzpatrick
Keyword(s):  
Decision Making ◽  
Political Economy ◽  
Suicide Prevention ◽  
Social Practices ◽  
Economic Systems ◽  
Moral Norms ◽  
Policy Practice ◽  
Political Relations ◽  
Norms And Values ◽  
The Way

Suicide prevention occurs within a web of social, moral, and political relations that are acknowledged, yet rarely made explicit. In this work, I analyse these interrelations using concepts of moral and political economy to demonstrate how moral norms and values interconnect with political and economic systems to inform the way suicide prevention is structured, legitimated, and enacted. Suicide prevention is replete with ideologies of individualism, risk, and economic rationalism that translate into a specific set of social practices. These bring a number of ethical, procedural, and distributive considerations to the fore. Closer attention to these issues is needed to reflect the moral and political contexts in which decision-making about suicide prevention occurs, and the implications of these decisions for policy, practice, and for those whose lives they impact.

scholarly journals Application of the theory of decision making under risk and uncertainty at modelling of costs

2010 ◽  
Vol 56 (No. 5) ◽  
pp. 201-208 ◽  
Author(s):  
M. Beranová ◽  
D. Martinovičová
Keyword(s):  
Decision Making ◽  
Financial Accounting ◽  
Cost Functions ◽  
Risk And Uncertainty ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Bayesian Theorem ◽  
Long Run ◽  
Short Run ◽  
The Cost

The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fist of all, it is necessary to distinguish between the short-run and long-run cost function that are both very important tools of the managerial decision making even if each one is used on a different level of management. Also several methods of estimation of the cost function's parameters are elaborated in the literature. But all these methods are based on the past data taken from the financial accounting while the financial accounting is not able to separate the fixed and variable costs and it is also strongly adjusted to taxation in the many companies. As a tool of the managerial decision making support, the cost functions should provide a vision to the future where many factors of risk and uncertainty influence economic results. Consequently, these random factors should be considered in the construction of cost functions, especially in the long-run. In order to quantify the influences of these risks and uncertainties, the authors submit the application of the Bayesian Theorem.

Possibility-Based ELECTRE II Method with Uncertain Linguistic Fuzzy Variables

2017 ◽  
Vol 31 (09) ◽  
pp. 1759016 ◽  
Author(s):  
Lidong Wang ◽  
Binquan Liao ◽  
Xiaodong Liu ◽  
Jingxia Liu
Keyword(s):  
Decision Making ◽  
Multiple Attribute Decision Making ◽  
Economic Systems ◽  
Linguistic Variables ◽  
Concordance Index ◽  
Fuzzy Variables ◽  
Numerical Example ◽  
Deviation Index ◽  
Multiple Attribute

Linguistic variables can better approximate the fuzziness of man’s thinking, which are important tools for multiple attribute decision-making problems. This paper establishes the possibility-based ELECTRE II model under the environment of uncertain linguistic fuzzy variables and uncertain weight information. By introducing the degree of possibility to ELECTRE II model, the concordance set, the discordance set and the indifferent set are obtained, respectively. Furthermore, the concordance index is redefined by considering deviation index under the same attribute, by which the strong and weak relationships are constructed, and then the rank of alternatives is obtained. A numerical example about the evaluation of socio-economic systems is employed to illustrate the convenience and applicability of the proposed method.

Knowledge Management: FROM THEORY TO PRACTICE

2012 ◽  
Vol 01 (11) ◽  
pp. 22-30
Author(s):  
Kamran Nazari ◽  
Mostafa Emami
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Critical Points ◽  
Organization Performance ◽  
Management Process ◽  
Dynamic Learning ◽  
Collective Wisdom ◽  
Theory To Practice ◽  
Wide Range ◽  
Peter Drucker

Knowledge management is a process that helps organizations to find important information, select, organize and publish them; and it’s a proficiency that will be necessary for actions like solving problems, dynamic learning, decision making. Knowledge management can improve a wide range of organization performance properties by enabling company to more intelligent performance, but it’s not enough alone; because knowledge management to be useful needs undertaking staff to organization and their job, that accept the knowledge management process with spirit and heart and perform it (Wiig, 1999:14).Knowledge management is the leveraging of collective wisdom to increase responsiveness and innovation. It is important that you discern from this definition three critical points. This definition implies that three criteria must be met before information can be considered knowledge. » Knowledge is connected. It exists in a collection (collective wisdom) of multiple experiences and perspectives Knowledge management is a catalyst. It is an action – leveraging. Knowledge is always relevant to environmental conditions, and stimulates action in response to these conditions. Information that does not precipitate action of some kind is not knowledge. In the words of Peter Drucker, ‘‘Knowledge for the most part exists only in application.’’ » Knowledge is applicable in un-encountered environments. Information becomes knowledge when it is used to address novel situations for which no direct precedent exists. Information that is merely ‘‘plugged in’’ to a previously encountered model is not knowledge and lacks innovation.

Innovation in centralized organizations: examining evidence from Soviet Russia

2014 ◽  
Vol 41 (1) ◽  
pp. 123-139 ◽  
Author(s):  
Dmitriy Chulkov
Keyword(s):  
Decision Making ◽  
Empirical Evidence ◽  
Budget Constraint ◽  
Soviet Economy ◽  
Decision Makers ◽  
Economic Systems ◽  
Soft Budget Constraint ◽  
Content Type ◽  
Economic Decision Making ◽  
Constraint Model

Purpose – This study aims to examine the economic factors that determine innovation pattern in centralized and decentralized economies and organizations. Design/methodology/approach – Empirical evidence on innovation in the centralized economy of the Soviet Union is reviewed. Existing theoretical literature in this area relies on the incentives of decision-makers in centralized organizations and on the concept of soft budget constraint in centralized command economies and hard budget constraint in market economies. This study advocates applying the hierarchy/polyarchy model of innovation screening to explain the pattern of innovation in centralized economic systems. Findings – Screening and development of innovation projects can be organized in a centralized or decentralized fashion. The differences in innovation between centralized and decentralized economic systems may be explained by elements of the principal-agent theory, the soft budget constraint model, and the theory of decision-making in hierarchies and polyarchies. Empirical evidence shows a sharp slowdown in both innovation and economic growth in the Soviet economy following the economic decision-making reform of 1965. The theoretical explanation most consistent with this evidence is the hierarchy decision-making model. Originality/value – Comparisons of innovation in centralized and decentralized economies traditionally relied on decision-makers' incentives and the concept of soft budget constraint. Upon analysis of empirical evidence from the centralized Soviet economy, this study advocates explaining innovation patterns based on decision-making theory of hierarchy.

scholarly journals A Study of Employee Empowerment and its Impact on Employee’s Performance in Private Hospitals at Vellore, Vellore District

2019 ◽  
Vol 7 (3) ◽  
pp. 75-80
Author(s):  
M Satheesh Kumar ◽  
S Abdul Sajld
Keyword(s):  
Decision Making ◽  
Human Resource Development ◽  
Human Resource ◽  
Resource Development ◽  
Employee Empowerment ◽  
Hospital Service ◽  
Private Hospitals ◽  
New Approach ◽  
Secondary Sources ◽  
Service Sectors

Employee empowerment is a new approach which is defined in many companies to make human resource development and to withhold employee from leaving their job by giving responsibility for decision making regarding their organizational tasks. The paper explains about the employee empowerment and its impact on employee’s experience in hospital service sectors excluding; nurses, doctor and lab technicians. The data are collected from primary and various secondary sources. It is took to a close that empowered employee is more being satisfied with their job and it increases the performance of the employee in work.

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