IMPROVING THE PROCESS OF MAKING AND DEVELOPING MANAGEMENT DECISIONS

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