Abstract:
Managers of various institutions have to consider many alternatives to possible operations in order
to find the right solution for the given situation. In order for a business to exist and function well, a
manager must be able to choose an objective decision from various options. Making a managerial
decision is a rather important step in the management activities, implementation of various
relationships and leadership abilities of any manager. The results of managerial and organizational
activities are usually considered to be acceptable management decisions. The management process
is associated with the stable development of management decisions and their adoption. Improving
the movement towards making fair and reasonable decisions in times of exceptional difficulties is
achieved by applying a scientific approach to this process, models and quantitative decision making
methods.
A decision is a type of movement that consists of a series of separate actions and operations. Its
force factor is considered one of the guidelines in the process of learning and decision making.
The need to make decisions permeates everything that a leader does, formulating missions and
executing them. The apparent relevance of this activity is determined directly from the data. In the
process of management, situations always arise when managers at all levels are faced with the need
to choose an alternative job. Formation and approval of decisions is the main type of management
activity and determines the further general management process, especially the final result of
management activities.
The relevance of this paper is that management decisions play an important role in the activities of
any company, so knowledge and understanding of the processes of their adoption is of particular
importance in the Ukrainian reality. These are effective, high quality management decisions that
serve as a source of business development and competitive advantage. A management decision is a
choice of a method of action that guarantees the achievement of a management goal. It is a deliberate
choice of one of the possible options for behaviour, i.e., an action based on the criteria of different
alternatives
