PSYCHOLOGICAL ASPECTS OF DEVELOPING AND IMPLEMENTING MANAGERIAL DECISIONS

Abstract

In everyday life, every person makes various decisions. Managerial decision-making occupies a central place in the management system. When describing the full cycle of management or managerial activity through its functions, two elements are present in each of these functions: decision preparation and implementation. A managerial decision is a response to the emergence of a problematic situation. Management researchers have directly linked an organization's effectiveness to the preparation, adoption, and implementation of managerial decisions. The decision-making process stands out as the most complex and psychologically rich type of professional decision-making.