Page 78 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.77, # 2, 2020, pp. 78-85

THEORETICAL FOUNDATIONS FOR THE FORMATION OF
ADMINISTRATIVE DECISIONS

Dr. Maddallah Bbasheer Abboud Al-Nwaiqah, Directorate of general security,
Jordan.
Received October 30; accepted 15 December 2020; published online 28 December 2020

ABSTRACT:
Any administrative activity is closely related to developing and adopting appropriate
decisions for different management situations. It is often that the only criterion for
the viability of a management decision today is often the financial component, that
is, increasing revenues or reducing expenditures from budgets of any level. The
problem of risk management and overcoming uncertainty is related to the
continuation of any sector of the economy. Every economic entity at all levels is
affected by exceptional situations and unforeseen circumstances, to which it is
necessary to act to respond appropriately. Therefore, it has become necessary to
implement some scientific methods of the economic management theory of the
enterprise, including the development of the most economically appropriate and
highly effective management decision-making.

Keywords: administrative process, organization, models, properties, methods,
indicators.

JEL classification: M51, D73

INTRODUCTION:

The concept of strategic management refers to that administrative process through
which all the resources available in the organization are managed in a way that leads
to the achievement of all its goals and objectives, and this is done according to many
steps, which start with defining these goals, then work on analyzing the competitive
environment surrounding the organization and analyzing Her system. After that, a
strategy evaluation system is established with the necessity to identify the available
opportunities and threats that the organization may face, and therefore it is
considered one of the threats facing the organization. This could be within the
organization itself or from its competitors [Holford, A (2015)].

There are three types of decision-making models - physical, analog, and
mathematical.
Physical (descriptive or portrait) - depicts an object or situation, showing how it
looks. For example: copies of cars, planes, miniature drawings of a plant, etc.
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