Information and Strategic Decisions in Economic Entities Management
Information and decision are two key elements economic entities management. Information represents the support of decision making by those managing the economic entity, helping them take the right decision for them to achieve set objectives. Strategic decisions provide long-term success of the economic entity outlining its internal and external stand. Those responsible for making strategic decisions have the ability to influence the economic entity’s success through these decisions they take, the role of the strategy being to ensure perfect correspondence between what the economic entity can do and what it could do, given the opportunities and threats in the environment they conduct business.
Year of publication: |
2012
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Authors: | Sabău, Lucian Ioan |
Published in: |
Annals of the University of Petrosani, Economics. - University of Petrosani, Romania. - Vol. 12.2012, 4, p. 227-234
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Publisher: |
University of Petrosani, Romania |
Subject: | information | decision | strategy | strategic decision | strategic management |
Saved in:
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