Abstract

This article identifies the major trends in the development of modern organizations. The article examinesorganizational issues in effective managerial decision-making; describes model decision-making representations,which integrate the concept, techniques, and practical recommendations; brings to light the social factorsinfluencing managerial decision-making; identifies the key issues in innovation decision-making; provides arationale for the need to delegate powers for fast decision-making in a dynamic environment; concretizes thepotentialities of organizations that employ the decentralization experience in managerial decision-making; bringsto light the need for a match between powers and responsibility. The article concludes that the success oforganizations depends on making decisions as warranted by specific circumstances.

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