MANAGEMENT IN DECISIONS MAKING, TAKING CONTROL IN BUSINESS

Abstract

The purpose of this paper is to help managers with a wealth of understanding so that they value the available information and then make a good decision-making solution in the venture they will run or hire in the business world, most individuals have successfully developed their entrepreneurial talent and have been able to use it to realize their investment and career goals.In the business world as well as in many other areas of the economy decision-making and control is used to elucidate valuable information on economic activity.The business hospitality business has always attached importance to making decisions and at all times doing constant job verifications if they are doing the right thing.The owners of a bussines are interested in monitoring the business status but also take care of many other things, especially for investment, because an investor wants to invest their business money that will return or increase their wealth so here we are faced with making decisions.To monitor whether their investments are good they will always look for and rely on accurate information to do so effectively as it is the control that helps us monitor and provide information.It is known that today there are many companies operating in our country and most of them enjoy a very high success, but besides, there are those who do not even have a year of operation in our market. Many times come the questions that we put to ourselves from all this failure, and we will find the answer precisely in this paper by defining in detail the terms: control and planning by comparing them with competition.The primary task of managers in the modern business world is to accept the risk and make decisions in very dynamic environments combining a wide range of economic, social, technical factors that serve as innovations for new modern businesses.Control is a key element in the business development cycle in all sectors, for better planning and for successful future, since with the help of control it is also possible to make a secure decision based on the results previously undertaken and all businesses directly or indirectly face the competition by creating them an instability in business life.Control is a process that generates information about the truthfulness of what we want to research about organizations.