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Information and Strategic Decisions in Economic Entities Management

Author

Listed:
  • Lucian Ioan Sabău

    (“West ”University of Timișoara, Romania)

Abstract

Information and decision are two key elements economic entities management. Information represents the support of decision making by those managing the economic entity, helping them take the right decision for them to achieve set objectives. Strategic decisions provide long-term success of the economic entity outlining its internal and external stand. Those responsible for making strategic decisions have the ability to influence the economic entity’s success through these decisions they take, the role of the strategy being to ensure perfect correspondence between what the economic entity can do and what it could do, given the opportunities and threats in the environment they conduct business.

Suggested Citation

  • Lucian Ioan Sabău, 2012. "Information and Strategic Decisions in Economic Entities Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 12(4), pages 227-234.
    • Handle: RePEc:pet:annals:v:12:y:2012:i:4:p:227-234
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    References listed on IDEAS

    as
    1. Camelia Burja & Nătăliţa-Mihaela Lesconi-Frumuşanu, 2010. "Analysis Model For Inventory Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(1), pages 43-50.
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    More about this item

    Keywords

    information; decision; strategy; strategic decision; strategic management.;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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