Development of a methodological approach to the procedure for assessing the quality and effectiveness of the management decision–making mechanism

Abstract

Currently, active developments are underway to implement human and production resource management standards, new management mechanisms are emerging and being supplemented, but first of all, management activities can be assessed by the management decisions taken by the decision-maker, and the results that this management decision has brought. The relevance of the chosen topic is due to the fact that at present and in previous years there has been an increase in some independent variables, so management decisions at enterprises and other organisations are becoming more difficult and require taking into account larger criteria than usual. Therefore, the choice or development of a competent methodology for the management decision-making process would help the decision-maker not only to choose the most effective management decision, but also to minimise possible financial, social and other risks. The groups of factors that have a significant impact on the process of developing management solutions have been identified. The authors propose a step-by-step methodology for assessing the effectiveness level of the management decision-making and implementation mechanism. An updated version of the structural content of the methodological components necessary for the development of management solutions is proposed.

Keywords

• management solutions
• decision maker
• risk transformation
• organisation management
• management efficiency
• adaptive management