RATIONAL DECISION MAKING BASED ON ANALYZING ORGANIZATIONAL SURROUND FACTORS: A VIEW OF CRAFTING DIFFERENTIALITY AND EFFECTIVENESS IN KOSOVO ENTERPRISES

Authors

  • Elvis Elezaj University “Haxhi Zeka” Peja, Kosovo
  • Bekë Kuqi University “Haxhi Zeka” Peja, Kosovo

Keywords:

Decision-making, organizational surround factors (OSF), differentiality and effectiveness

Abstract

The purpose of the paper is, through the use of analysis of many factors, respectively factors of the managerial environment, to use them, and to make decisions as precisely and logically. The utilization of organizational surround factors analysis (OSF) brings to the surface a more rational way of thinking by identifying a few influencing factors such as: risk, uncertainty, dynamics, turbulence, intra-organizational conflicts and internationalization. All findings are obtained in direct linkage to the dependent variable decision making (DM). Solicitation of diverse models has reflected the important results such as the General Linear Model (GLM), Analytical Hierarchy Process (AHP) and Correlational Field Study (CFS). The findings have shown, that there is a clearest conjuncture between the external analysis (EA) that has been done and the effectiveness of decisions made in organizations. The influence of organizational surround factors (OSF) during the functioning of the organization has shown that managerial work and decision making is always affected by changes that occurs in the environment. Therefore, the main focus of the functioning of decision makers (DMs) is the identification of future (foresees) movements in time, building the adaptive mechanism and crafting ownself-differentiality in the industry. This study brings an analogous way of analyzing the weightiest factors of the organization's environment by applying mathematical-computing and empirical methods.

References

Amtayakul, M., Lazarus, S., & Walsh, T. (2003). ‘HIPAA compliance: Have you completed a risk analysis?’, Healthcare Financial Management, Vol. 57, No. 5, May, pp.96–100

Aven, T., & Kristensen, V. (2005). ‘Perspectives on risk: review and discussion of the basis for establishing a unified and holistic approach’, Reliability Engineering and System Safety, Vol. 90, No. 1, October, pp.1–14.

Berghel, H. (2005). ‘The two sides of ROI: return on investment vs. risk of incarceration’, Communications of the ACM, Vol. 48, No. 4, April, pp.15–20.

Elezaj, E. (2018). THE DETERMINATES OF TRANSFORMATIONAL LEADERSHIP IN KOSOVO SMEs. Knowledge International Journal, 26(6):1671-1674. DOI: 10.35120/kij26061671E.

Elezaj, E., & Elezaj, Nj. (2018). THE IMPORTANCE OF GE TOOL IN CHOOSING AND ASSESSING BUSINESS STRATEGY. Knowledge International Journal 26(6):1591-1596. DOI: 10.35120/kij26061591E.

Elezaj, E., & Morina, D. (2017). THE ROLE AND IMPORTANCE OF SPACE MATRIX IN STRATEGIC BUSINESS MANAGEMENT. Knowledge International Journal 17.2; 1071-1076.

Elezaj, E., Morina, D., & Draga E. (2019). THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY, IN THE SOCIETY INTEREST “KOSOVO CASE”. Knowledge International Journal, 34.1, 249-254.

Elezaj, E., Morina, D., & Kuqi, B. (2020). HOW ORGANIZATIONAL MATRIX STRUCTURE CAN IMPACT IN PROJECT MANAGEMENT SUCCESS. International Multidisciplinary Scientific GeoConference: SGEM. Publisher Surveying Geology & Mining Ecology Management (SGEM), 20(1.1) 131-138. DOI: 10.5593/sgem2020/1.1/s01.017.

Elezaj, E., Shabani, H., Kuqi, B. & Hung, N.T. (2021). Managerial decision-making (DM) in Kosovo organizations based on SPACE model analysis by using AHP fuzzy method. Journal of Sustainable Finance & Investment, 11(2) pp: 1-16. DOI: 10.1080/20430795.2021.1891786.

Hardman, P., & Ayton, P. (1997). ‘Arguments for qualitative risk assessment: the StAR risk adviser’, Expert Systems, Vol. 14, No. 1, pp.24–36.

Kubisty, K. (2004). ‘Modeling the future’, Best’s Review, Vol. 104, No. 10, February, p.90.

Kuljis, R. J. P., & Stergioulas, K. L. (2007). "Can health care benefit from modeling and simulation methods in the same way as business and manufacturing has?," 2007 Winter Simulation Conference, 2007, pp. 1449-1453, doi: 10.1109/WSC.2007.4419755.

Kuqi, B. (2018). Teoretical approach concerning the development of sustainable tourism as tourist destination in Kosovo. Geojournal of Tourism and Geosites 22(1):489. DOI: 10.30892/gtg.22218-305.

Kuqi, B., Elezaj, E., & Hasanaj, P. (2020). Development of Alternative Tourism in Kosovo – Peja Region. Baltic Journal of Real Estate Economics and Construction Management 8(1):93-101. DOI: 10.2478/bjreecm-2020-0007.

Kuqi, B., Elezaj, E., Millaku, B., Dreshaj, A., & Hung, T. N. (2021). The impact of COVID-19 (SARS-CoV-2) in tourism industry: evidence of Kosovo during Q1, Q2 and Q3 period of 2020. Journal of Sustainable Finance & Investment, DOI: 10.1080/20430795.2021.1883986

Matheny, M., Ohno-Machado, L., & Resnic, F. (2005). ‘Discrimination and calibration of mortality risk prediction models in interventional cardiology, Journal of Biomedical Informatics, Vol. 38, No. 5, pp.367–375.

Downloads

Published

2021-12-15

How to Cite

Elezaj, E., & Kuqi, B. (2021). RATIONAL DECISION MAKING BASED ON ANALYZING ORGANIZATIONAL SURROUND FACTORS: A VIEW OF CRAFTING DIFFERENTIALITY AND EFFECTIVENESS IN KOSOVO ENTERPRISES. KNOWLEDGE - International Journal , 49(1), 41–45. Retrieved from https://ikm.mk/ojs/index.php/kij/article/view/4618

Most read articles by the same author(s)

1 2 > >>