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Organisational Decision-Making and Academic Institutions: Increasing Complexity of Processes, Settings and Actors

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  • Dina Korent Silvije Orsag

    (University of Zagreb, Faculty of Organization and Informatics, Varaždin, Croatia University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia)

Abstract

Changes in understanding and interpretation of decision-making processes have shed more light on complex interplay given the different settings, and different actors. The limitations in human decision-making and their significance and long-term implications on organizational management or policy making inspired a large body of evidence and research. Exploration of decision-making processes spans over decades, and is closely connected to the role of power; the amount of power in organizations is usually joined by the knowledge and prior experience, which together play a significant role in decision-making process, as well in selection of candidates for the job. However, there is an evident void concerning publications on decision-making processes in academic institutions, and it rapidly becomes the focus of interest due to a specific opposition contained in its core; positions of high level administrators are held by the university professors with no mandatory previous experience and/or knowledge in organisational management. JEL Classification: G30, G39

Suggested Citation

  • Dina Korent Silvije Orsag, 2018. "Organisational Decision-Making and Academic Institutions: Increasing Complexity of Processes, Settings and Actors," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 21(1), pages 47-65, May.
    • Handle: RePEc:zag:zirebs:v:21:y:2018:i:1:p:47-65
    DOI: 10.2478/zireb-2018-0007
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    References listed on IDEAS

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    More about this item

    Keywords

    working capital management; net working capital; company’s profitability; return on assets; Croatian software companies;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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