Abstract
Researches dealing with managerial mistakes and bad decision-making are very topical due to their impact on the continuance and existence of enterprises. Hence, this study focuses on this issue using a questionnaire survey to collect data from the third and fourth year students who specialize in management and economy. The goal of this survey is to examine and evaluate the students' opinions about remarkable managerial mistakes. Many of these students have practical experience thanks to their work or cooperation with enterprises during their studies. Other specific objectives of this study are: identification of mistakes made by company managers based on the knowledge of the companies that the students cooperate with; and interpretation of the occurrence and the possible causes of the mistakes identified in the companies. Professor Kosturiak formulated a list of serious managerial mistakes. The list became an important starting point for the present research. Our research showed students’ opinions concerning the seriousness of managerial mistakes and the frequency of occurrence of these mistakes in companies with which the students co-operated. The findings show a range of attitudes that are included in the conclusion.
Highlights
Mistakes made by managers can be regarded from different points of view
This study focuses on this issue using a questionnaire survey to collect data from the third and fourth year students who specialize in management and economy
Other specific objectives of this study are: identification of mistakes made by company managers based on the knowledge of the companies that the students cooperate with; and interpretation of the occurrence and the possible causes of the mistakes identified in the companies
Summary
Mistakes made by managers can be regarded from different points of view. What is paradoxical is that most of the mistakes formulated by the professor do not appear to be mistakes at first sight. They are usually recommendations worth following, which, become serious mistakes due to the incorrect form or extent of their implementation. This means that these managerial mistakes are not "rookie" mistakes or mistakes made out of ignorance of managerial attitudes or management principles. They are mistakes made by informed and, to a certain extent, experienced managers who have not had the opportunity to find out that even good and proven attitudes may create unwanted impacts if they have incorrect form or the extent of their implementation is not right
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