Management decision-making under risk and uncertainty

Abstract

The article deals with the problems of making managerial decisions, which are the result of the creative mental activity of the subject of management, associated with the identification of the problem, analysis and assessment of the situation, forecasting development trends, socio-economic justification and choice of behavioral alternatives and action programs of the socio-economic system to solve the problem that has arisen. or achieving goals. Modern organizations are distinguished from organizations of the old type by the presence of a significantly larger number of large and gigantic organizational systems in which the role of management decisions is growing. This fact is due to the fact that, unlike organizations of the old type, modern organizations have a large number of top and middle managers, and the professional duty of each of them is to make a management decision in accordance with the powers delegated to him. Teamwork and rationality, which is based on a professional management decision, have become the core of today's management. Effective management requires the modern manager to control human resources, the environment and material resources in order to optimally achieve the goal. This can only be achieved through the proper use of decision-making tools. Modern tools and methods for the development and adoption of managerial decisions are of a universal nature and are aimed at the processes of modernization of the economy taking place in the Ukrainian economy. Today, risk analysis and management is very expedient and the relevance of risk management issues is becoming increasingly important, this is what is necessary for the further correct and optimal application of risk management in the main business processes of an enterprise, on the basis of which the main profit of enterprises using the processes of analysis and risk management Particular attention is paid to the continuous improvement of risk management in different situations. Management risk as a multifactor category of management is studied in the dynamics of a purposeful cyclic management process. CZU: 005.53:330.131.7; JEL: M120, L10.