Mechanism of financial diagnostics of the administrative decisions acceptance

Abstract

It is proved that management decision-making is a conscious choice of  the available options or alternatives of actions that reduce the gap between current and desired future state of the enterprise. Management decisions making is a way of constant exposure of control of subsystem on a managed subsystem in order to achieve the set goals. It is discovered the necessity of diagnostic of decision making of financial and economic activity management of the enterprise and effective management decisions mechanism for completeness, consistency and establishing formal compliance and actual procedures for their adoption. In the article we have considered the diagnostics mechanism of making decisions in financial management of the enterprise, which includes the steps of management decision making, assessment of the status and determination of the necessary procedures. There are following steps in the process of formation the management decisions of the company: the definition of the enterprise’s objectives, the identification of problems in the process of achieving the goals, the researching of problems and setting the diagnosis, the searching for solving problems, the evaluation of alternatives and selection the most appropriate, the coordination of decisions in the enterprise, approval of decisions, the preparation for the implementation of decisions, the management of application solutions, the checking the effectiveness of the taken decisions.The selection of the proper and effective management decision is the result of complex use of economic, organizational, legal, technical, information, logical, mathematical, psychological and other aspects.The description of the problem situation gives an idea about the factors that must be carefully analyzed and considered in the decision. It is identified quantitative and qualitative criteria, which contribute the process of selection the possible decisions of a problem. We have considered 14 main stages of development the administrative decisions. It is concluded that the effectiveness of management decisions should be described as efficiency set of development the administrative decisions and the effectiveness of their implementation.