2016•RePEc: Research Papers in EconomicsOpen access

The Role of Decision-making Methods in Business Performance

Irina Canco

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Abstract

Decision-making is a central problem, widespread, difficult and an intellectual engagement with responsibility to protect from risk. This paper does not cover all the problems of decision-making in business but it is focused on the impact of decision-making methods in business performance that is characterized by some performance indicators. A few theoritical problems of decision-making are presented in the framework of the paper. After the theoretical part, the actual situation of decision-making is analyzed, and the impact of the methods in business performance. The objective of the paper is to measure the impact of decision-making methods in business performance.

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Decision-making is a central problem, widespread, difficult and an intellectual engagement with responsibility to protect from risk. This paper does not cover all the problems of decision-making in business but it is focused on the impact of decision-making methods in business performance that is characterized by some performance indicators. A few theoritical problems of decision-making are presented in the framework of the paper. After the theoretical part, the actual situation of decision-making is analyzed, and the impact of the methods in business performance. The objective of the paper is to measure the impact of decision-making methods in business performance.

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Available abstract

Decision-making is a central problem, widespread, difficult and an intellectual engagement with responsibility to protect from risk. This paper does not cover all the problems of decision-making in business but it is focused on the impact of decision-making methods in business performance that is characterized by some performance indicators. A few theoritical problems of decision-making are presented in the framework of the paper. After the theoretical part, the actual situation of decision-making is analyzed, and the impact of the methods in business performance. The objective of the paper is to measure the impact of decision-making methods in business performance.

Key concepts: Business decision mapping, Cover (algebra), Computer science, Business, Risk analysis (engineering), Measure (data warehouse), Process management, Management science

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