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Methodological basis of economic decision-making

Author

Listed:
  • Natalya Pavlovna Vinogradova

    (Ural State University of Physical Culture, Russian Federation)

  • Alexander Nikolaevich Popov

    (Chelyabinsk State University, Russian Federation)

Abstract

The article aims to substantiate the methodological basis of economic decision-making as a science of choosing the most efficient ways of management carried out by corporate executives. Cooperation principles and methods in the system of collective entrepreneurship are closely connected to business success in corporate activities. The compliance with important corporate principles is conducive to the development of optimum managerial decisions. Managerial decisions provide a company’s competitive advantages in the goods and services markets and normal operation of staff in these businesses. In the paper the author present original methodological approach towards decision making process.

Suggested Citation

  • Natalya Pavlovna Vinogradova & Alexander Nikolaevich Popov, 2019. "Methodological basis of economic decision-making," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1798-1806, June.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1798-1806
    DOI: 10.9770/jesi.2019.6.4(18)
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    References listed on IDEAS

    as
    1. Vera Plenkina & Irina Andronova & Elena Deberdieva & Olga Lenkova & Irina Osinovskaya, 2018. "Specifics of strategic managerial decisions-making in Russian oil companies," Post-Print hal-01858350, HAL.
    2. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Post-Print hal-02115236, HAL.
    3. repec:ssi:jouesi:v:1:y:2019:i:1:p:48-57 is not listed on IDEAS
    4. Vera Vladimirovna Plenkina & Irina Andronova & Elena Deberdieva & Olga Lenkova & Irina Vladimirovna Osinovskaya, 2018. "Specifics of strategic managerial decisions-making in Russian oil companies," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(4), pages 858-874, June.
    5. Manuela Tvaronavičienė & Grzegorz Mentel & Halyna Chyrva, 2018. "Leadership in Energy Security: Behavioral Patterns and Long-Term Energy Intensity," Springer Proceedings in Business and Economics, in: Wadim Strielkowski & Oksana Chigisheva (ed.), Leadership for the Future Sustainable Development of Business and Education, pages 591-601, Springer.
    6. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 48-57, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    decision-making; utilitarianism; leadership; corporate management;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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