FORMATION TECHNOLOGIES OF THE ECONOMIC MECHANISM OF MANAGEMENT DECISION MAKING

• Main Author: O. Ovdiuk
• Format: Article
• Language: English
• Published: Zhytomyr National Agroecological University 2020-08-01
• Series: Наукові горизонти
• Subjects: economic mechanism; management decisions; planning; forecasting; value-oriented management; management technology
• Online Access: https://sciencehorizon.com.ua/en/journals/8-93-2020/tyekhnologiyi-formuvannya-yekonomichnogo-myekhanizmu-priynyattya-upravlinskikh-rishyen

A key place in the formation of the economic mechanism of management decisions is value-oriented management. It is established that the role of the planning function in determining the effectiveness of management system in terms of making sound targeted management decisions within the time horizon is occurring (strategic, operational and current, etc.). This research is based on the use of a dialectical method of cognition of economic processes, scientific developments and publications of both domestic and foreign scientists on the peculiarities of management decision-making at enterprises and organizations. It is proved that the economic component is the basis for the formation of the economic mechanism of management decisions, in terms of a detailed forecast of the development of enterprise potential (planning function) and the function of motivation of management decisions executors. The essence of the “economic mechanism” is defined as a set of organizational and economic approaches to ensure the financial stability of the enterprise, in terms of planning, forecasting and increasing the reserves of the enterprise, taking into account the effects of external and internal factors. It is established that the basis for ensuring the economic component of management decisions is a set of necessary relevant information (both internal and external), which creates the possibility of developing special methodological approaches to planning, evaluation, control and adjustment of the desired financial and economic activities. The formation technology of the economic mechanism of administrative decision is developed. The content and components of the tools for monitoring the management decision-making process (quantitative and qualitative analysis) is also determined.It is established that the formation of the economic mechanism of management decisions at the enterprise consists of a set of certain parameters of the procedure for making and implementing management decisions, the effectiveness of which will give the desired effect and ensure the achievement of the goal. Prospects for further research are the development of organizational and economic mechanism for making and implementing management decisions in the food industry