Managerial Decision Making in Geopolitically Turbulent Environments

Gawlik, Remigiusz (2010): Managerial Decision Making in Geopolitically Turbulent Environments. Published in: Generating Innovative Solutions to Recurring Problems in the Global Business Environment: A Multi-, Inter-, and Trans Disciplinary Approach to Formulating and Maintaining a Competitive Organizational Edge (2010): pp. 214-221.

Abstract

The presented paper is a presentation of final results of research led throughout past years on a group of Polish and international SME’s. The essential aim was the elaboration of a decision – making model including both qualitative and quantitative factors that influence decision – making processes. Most focus has been put on geopolitical determinants of international companies’ development. In order to narrow the research field, a further limitation has been made in the type of undertaken solutions. This resulted in focusing on managerial rather than strategic decisions, although long – term strategic planning still can be enhanced through application of proposed method. The research methodology has been based on Analytic Hierarchy Process applied for assessment of individual and collective utility of various indexes describing the actual economic situation and short – term prospects of enterprises operating locally (inside Poland) and internationally. The presented final stage of research draws attention to expert evaluations of 6 professional experts carefully chosen from a group of 31 skilled managers interviewed in preliminary research phase. The study ends with a proposal of a qualitative – quantitative decision making model anticipating geopolitical factors in order to improve the quality of managerial decision making in international enterprises.

• Item Type: MPRA Paper
• Language: English
• Keywords: Analytic Hierarchy Process, Geopolitical Factors, Development Indexes, Decision Making Model
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C38 - Classification Methods ; Cluster Analysis ; Principal Components ; Factor Models; F - International Economics > F0 - General > F01 - Global Outlook; F - International Economics > F6 - Economic Impacts of Globalization > F69 - Other

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