Understanding the dynamics of decision making in the right way is an important problem for the management of organizations.In today’s business life organizations are becoming more complex,and the environments they ar...Understanding the dynamics of decision making in the right way is an important problem for the management of organizations.In today’s business life organizations are becoming more complex,and the environments they are operating in,are becoming increasingly uncertain.The aim of this paper is to contribute to the understanding of the dynamics of managerial decision-making process in complex internal and external environments by sharing the results of an empirical study(Onuk,2009).While taking the levels of the organizational structure as one of the important dimensions of complex internal environment,complex external environment is reflected within the study as economic crisis.Using the survey tool developed by Onuk(2009),the empirical study realized in the Turkish organization of a large global company investigated decision-making process to understand how decision-making authority for different types of decisions,identified as strategic,tactical,and operational level decisions,was distributed throughout the organization levels,and how this distribution was impacted by economic crisis.The results of the study confirmed the following common expectations:(1)Strategic decisions are mostly taken at upper hierarchical levels of the organizational structure;(2)during times of economic crisis strategic decision making is centralized;and(3)during times of economic crisis distribution of decision-making authority is concentrated at upper management levels.展开更多
Preliminary year-end 2008 figures for Italy’s textile machinery industry register a 18% drop in production compared to the previous year,with a total production value estimated at 2,285 billion Euros.This decline aff...Preliminary year-end 2008 figures for Italy’s textile machinery industry register a 18% drop in production compared to the previous year,with a total production value estimated at 2,285 billion Euros.This decline affects both Italy’s domestic market and export sales.展开更多
In 2022-2023, barely a little over a decade after the global financial crisis that affected credit markets, as the world is still recovering from the economic recession caused by COVID-19, we are dealing with the effe...In 2022-2023, barely a little over a decade after the global financial crisis that affected credit markets, as the world is still recovering from the economic recession caused by COVID-19, we are dealing with the effects of the “special military operation” in eastern Ukraine on people living in different parts of the world. After a brief analysis of the international legal basis of the situation, I will focus on the example of Hungary to explore how governments can effectively assist their citizens in difficult economic situations using tools created by science and technology while minimizing the need for additional resources.展开更多
The economic crisis in 2008 dealt a heavy blow to the developed countries and even the whole world. The long-term stable growth of the western economy was broken,and it is mired into the so-called " high-income t...The economic crisis in 2008 dealt a heavy blow to the developed countries and even the whole world. The long-term stable growth of the western economy was broken,and it is mired into the so-called " high-income trap". This paper argues that the reasons why developed countries fall into the " high income trap" can be summarized as three aspects: internal factors,external factors and fundamental reasons. On this basis,this paper analyzes the response strategies and effects of developed countries,in order to provide a reference for our country to be a high-income country while maintaining sustained and stable economic growth.展开更多
Though China’s economy is breathing a sigh of relief after several nervous months,it is still not time to sit back and relax.Much needs to be done to ensure the sustainability of growth momentum.Guo Tianyong,Director...Though China’s economy is breathing a sigh of relief after several nervous months,it is still not time to sit back and relax.Much needs to be done to ensure the sustainability of growth momentum.Guo Tianyong,Director of the Research Center of the China Banking Industry of the Central University of Finance and Economics,discussed this issue in an article recently published in the Shanghai Securities Journal.Edited excerpts follow:展开更多
文摘Understanding the dynamics of decision making in the right way is an important problem for the management of organizations.In today’s business life organizations are becoming more complex,and the environments they are operating in,are becoming increasingly uncertain.The aim of this paper is to contribute to the understanding of the dynamics of managerial decision-making process in complex internal and external environments by sharing the results of an empirical study(Onuk,2009).While taking the levels of the organizational structure as one of the important dimensions of complex internal environment,complex external environment is reflected within the study as economic crisis.Using the survey tool developed by Onuk(2009),the empirical study realized in the Turkish organization of a large global company investigated decision-making process to understand how decision-making authority for different types of decisions,identified as strategic,tactical,and operational level decisions,was distributed throughout the organization levels,and how this distribution was impacted by economic crisis.The results of the study confirmed the following common expectations:(1)Strategic decisions are mostly taken at upper hierarchical levels of the organizational structure;(2)during times of economic crisis strategic decision making is centralized;and(3)during times of economic crisis distribution of decision-making authority is concentrated at upper management levels.
文摘Preliminary year-end 2008 figures for Italy’s textile machinery industry register a 18% drop in production compared to the previous year,with a total production value estimated at 2,285 billion Euros.This decline affects both Italy’s domestic market and export sales.
文摘In 2022-2023, barely a little over a decade after the global financial crisis that affected credit markets, as the world is still recovering from the economic recession caused by COVID-19, we are dealing with the effects of the “special military operation” in eastern Ukraine on people living in different parts of the world. After a brief analysis of the international legal basis of the situation, I will focus on the example of Hungary to explore how governments can effectively assist their citizens in difficult economic situations using tools created by science and technology while minimizing the need for additional resources.
文摘The economic crisis in 2008 dealt a heavy blow to the developed countries and even the whole world. The long-term stable growth of the western economy was broken,and it is mired into the so-called " high-income trap". This paper argues that the reasons why developed countries fall into the " high income trap" can be summarized as three aspects: internal factors,external factors and fundamental reasons. On this basis,this paper analyzes the response strategies and effects of developed countries,in order to provide a reference for our country to be a high-income country while maintaining sustained and stable economic growth.
文摘Though China’s economy is breathing a sigh of relief after several nervous months,it is still not time to sit back and relax.Much needs to be done to ensure the sustainability of growth momentum.Guo Tianyong,Director of the Research Center of the China Banking Industry of the Central University of Finance and Economics,discussed this issue in an article recently published in the Shanghai Securities Journal.Edited excerpts follow:
