ESSENCE, CONTENT AND SPHERE OF APPLICATION OF MANAGERIAL DECISIONS

Abstract

The author of the article deals with the concept of "managerial decisions", clarifies the essence, content and sphere of application of "managerial decisions" concept. A retrospective analysis of the scientific directions of the definition of "managerial decisions" and its applications for the period of 2001–2018 has been carried out. The scientist identified three periods of the development of "management decisions" definition, namely the first period of 2001–2005, the second – 2007–2014 and the third one – 2015–2018. Each of these periods has its own peculiarities, approaches and spheres of application. Spheres of application of "managerial decisions" concept from the standpoint of certainty, uncertainty and risk were determined by the author. The first period of 2001–2005 is characterized by the distinction of the role of managerial decisions in the strategic development of the country and enterprises in general. This period is characterized by the use of external information flows in the formation of managerial decisions. The second period of 2007–2014 is characterized by the study of the peculiarities of making managerial decisions at the enterprise at the level of operational management, that is, using internal information flows. In the third period of 2015–2018, the author considered the influence on managerial decisions of global external factors. The key element of this research was defined by the author of the article: the process and peculiarities of the implementation of management decisions taking into account the psychological component, namely psychological readiness for management and managerial decision making. The process of making managerial decisions is a sphere of managerial art, and the decision itself, is the result of creativity, which is based on the psychological readiness of its head to generate. The essence and content of the concept of "managerial decisions" with adaptation to modern conditions are supplemented, as well as the forms and scope of the application of this concept at different levels of management in special conditions are determined.

Keywords

• managerial decisions
• periods of development
• conceivable form
• psychological component
• management cycle