USING A DECISION-MAKING PROCESS MODEL IN STRATEGIC MANAGEMENT

The decision-making process represents an ongoing activity of managers. Contrary to the common one, the strategic decision is being made in a longer time and on a detailed basis. The managers can use models of decision-making in their activity to be more effective. This paper presents a briefing on the development of the concept of management decision and it illustrates summarized three models of decision-making process. The author's contribution to the paper is a conceptualization of the decision making process and a new, more complex model of decision-making called CDP Model, based on literature review and own observations and experience. The model takes into account the decision-making process as a system and is a useful tool to

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