Ensuring minimization of risks in adopting managerial and economic decisions using a behavioral approach
Keywords:
risk; uncertainty; managerial decisions; cognitive distortions; descriptive approach; irrationalityAbstract
The qualification work analyzes the peculiarities of human behavior when making managerial decisions, in particular in conditions of risk and uncertainty. The organizational and economic component of the enterprise with the definition of competitive conditions of functioning is investigated. The system of adoption of management and economic decisions in the management system and the influence of behavioral factors, in particular cognitive distortions, which directly affect decision-making is determined. The risk generation of the internal environment is measured and possible ways to ensure the minimization of risks when making decisions. With the help of an economic and mathematical model, basic personal factors influencing the development of the enterprise were identified.