Munich Personal RePEc Archive

The distinct evaluation of information in a new managerial function of information – decision

Săvoiu, Gheorghe and Pirlici, Valeria (2007): The distinct evaluation of information in a new managerial function of information – decision. Published in: Annals of Oradea University Review , Vol. 1, No. 16 (May 2007): pp. 1141-1145.

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Abstract

The function defined as information-decision can be considered today the central function of management; we believe that the option for a compromise of the type: prognosis of product or service, organization, information - decision, stimulation and control better responds to the new managerial conditions. Any decision primarily means correct information, in order to be able to choose. Surprisingly, from the old Greek term entropis to the actual managerial information it is not such a long way and stages of the new function of information-decision emphasise the continuous interdependences between information and decision, as well as a large number of characteristic features as a result of a necessary compromise in contemporary management.

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