Strategic Decision Making In Competitiveness Based Management
Abstracts of the Riga Technical University 54th International Scientific Conference. Section: Real Estate Economics and Construction Entrepreneurship 2013
Kristīne Fedotova

For companies on competitiveness based management process it is appropriate to use the advantages of strategic management. Strategy is one of the main and most complex functions of the business policy, especially if the issue is related to competitiveness factors. The author notes that the developed strategy does not ensure success, the developed strategy should be effectively managed and the work performed should be assessed to succeed. Consequently, the strategy consists of a planned action and the necessary improvements - previously unplanned action. It is important to balance company’s external environment possible changes to the "discovery" of company’s internal problems and development of possible solutions. It is necessary to choose optimal and economically, socially and environmentally balanced development "way" taking into account internal and external factors of company, it means, it is necessary to choose the appropriate strategy and tactics for strategic decision making in managing the competitiveness.


Keywords
strategic decision making, competitiveness based management, management, strategy, decision making, competitive advantage

Fedotova, K. Strategic Decision Making In Competitiveness Based Management. In: Abstracts of the Riga Technical University 54th International Scientific Conference. Section: Real Estate Economics and Construction Entrepreneurship, Latvia, Riga, 26-29 September, 2013. Riga: Institute of the Civil Engineering and Real Estate Economics, 2013, pp.14-14.

Publication language
English (en)
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