What is a management decision?

Any manager in his work has to solve multifaceted tasks that force him to develop, adopt and implement the only correct management solution that will connect the goals with the final result. All decisions taken should be reasonable and weighed, but even in this case there is a possibility to face an unpredictable result, which depends on the professionalism of the manager.

A management solution can be defined as the result of analysis, optimization, forecasting and economically justified choice of an alternative from multiple options to achieve the management system goal. It is also a creative and volitional influence, directed by the subject of management to eliminate the problem and approximation of the actual parameters of the object to the predicted, desired.

The solution can be called managerial if it is developed for a social system, that is, its vector is directed toward strategic planning, management of production and management activities, human resource management, and so on.

Management decisions in management are specified in certain action programs, which include activities, methods of implementation, the circle of executors, the validity period, the required indicators and the criteria for their evaluation. In such programs, in addition to everything, the place of each participant is determined in the process of accomplishing tasks, and all actions of structural units should be coordinated and coordinated.

Any management decision affects social, economic, legal and Organizational interests of the enterprise, therefore, its development requires the manager to have a broad view of the structure of the solution and all possible consequences.

The essence of the management decision on the economic side is that each step requires material and financial resources. Comparing costs with possible benefits, determine the feasibility of this solution.

The social side must take into account the needs, motives, interests of performers, incentives and their values, comfortable conditions for labor and personal development.

Legal essence implies the implementation of legal measures and strict compliance with the law.

Organizational essence implies the presence of an appropriate, organizational solution (possibility). If there is no personnel, equipment, control systems, then such management decision should not be taken.

To make a qualitative management decision, apply scientific principles and approaches, modeling methods, automated management, intuition, rationality and experience. The intuitive method directly depends on sensations and experience, and if you focus only on it, you can become a hostage of the case, faced with new unforeseen circumstances. Therefore, for strategic management it is recommended to use scientific methods of analysis and optimization, considering and considering several alternatives.