The preponderance of decision in a new managerial function of information – decision

Săvoiu, Gheorghe and Pirlici, Valeria (2007): The preponderance of decision in a new managerial function of information – decision. Published in: Annals of the Oradea University. Fascicle of Management and Technological Engineering , Vol. 6, No. 16 (May 2007): pp. 2164-2173.

Abstract

The decision preponderate over information in a new central function of management defined as informationdecision; 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. There frequently occur deadlocks in modelling decisions, especially owing to the lack of information (quality of the data, equations, the degre of accuracy etc.), but we believe that the option for a better decision, sometimes even instead of a better information, finally, means an optimal solution to short term.

• Item Type: MPRA Paper
• Language: English
• Keywords: managerial information and decision, mathematical hope, prudence, moderate, superoptimistic, equilibrium and regrets rule, decision trees
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M11 - Production Management; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M12 - Personnel Management ; Executives; Executive Compensation; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D

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