The role of macroeconomic factors in the management decision-making process

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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
Modern business faces some challenges created by the influence of subjective or objective factors. Macroeconomic indicators are the most notable of these factors, as their disregard can even be disastrous for businesses. The decision-making process itself is relevant to any business at any given time, and discussing the role of macroeconomic factors further enhances its importance. The purpose of this paper is to discuss the role of macroeconomic factors in the management decision-making process. The methodological basis of the paper is the analysis and synthesis of various scientific publications. The paper will be useful for any interested person, especially for managers of organizations involved in the decision-making process.
Description
1. Arnold, M.L., Heyne, L.A., Busser, J.A. (2005). Problem solving: Tools and techniques for the park and recreation professional (4th ed). 2. Beridze G. (2016). Analysis of the impact of government size on economic growth. Economics and Banking. 4 (2). 39-48. Retrieved from: https://www.nbg.gov.ge/uploads/journal/2016/2/2016_2.pdf 3. Hurd, A.R., Barcelona, R.J., & Meldrum , J.T. (2008). Leisure services management. Human Kinetics. 4. Likokeli A. (2017). Assessing Potential Growth for the Georgian Economy. Economics and Banking. Volume 5, N 1. p. 31-51. 5. Papava V. (2014). The effects of sharp growth and post-crisis economic growth (on the example of post-Soviet countries). Journal of Economics and Banking. Volume 2, N 1. p. 30-39. Retrieved from: https://www.nbg.gov.ge/uploads/journal/2014/statia3.pdf 6. Rodrik D. (2013). The Past, Present and Future of Economic Growth, Working Paper 1. Global Citizen Foundation. 7. Zabojkin J. (2002). Centralized and Decentralized Decision Making in Organizations. Journal of Labor Economics. Chicago. 20 (1).
Keywords
Macroeconomic factors; Decision-making process
Citation
VI International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2021, pp. 333-337
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