Mechanisms for eliminating risk factors in the management of public organizations

Authors

  • Kristina Avaliani

Keywords:

Business failure, efficiency, strategic management, risk factors, entrepreneurial learning, costs of failure

Abstract

„Approaches to Management Performance Assessment and Mechanisms of Performance in public organizations of Georgia“ deals with the most important issues such as the role of management in economic development. Determining management efficiency factors, approaches to assessment of management efficiency; Based on the analyses of several public organisations of Georgia, relevant conclusions are made, which in practice will facilitate the development of the country's economy. The topic has its actuality and practical significance of the research topic. The results of the study and their judgment, basic aspects of management as the origin and development of the economic category itself are composed from different subdivisions. A composite economic category of management provides general definition of explanation, its characteristic features; Explains the essence, importance and objectives of management in the market economy; Basics of management historical process of development - is the historical process of management development from the earliest period to the current period.

Increasing efficiency of the organization is the main task of management performance. Management criteria and the achievement of the main goal to improve the effectiveness of the implementation have the main directions of this task, such as personnel and properly designed. Specifically, to manage the impact of the economic unit and its social management, properly use the time factor. The management decision is reviewed as a result of analysing, predicting, optimizing and alternatives in the enhancement of management efficiency from many options for achieving a main goal. The essence and meaning of operative, tactical and strategic decisions in terms of management levels are discussed. It also discusses the intuitive reasoning and the essence of rational decisions. The issues also discussed in the importance of system management, which should be evaluated by two criteria, productivity and efficiency. It is also possible to achieve efficient management with situational management processes. The role of strategic management in competitive advantage discusses the essence of strategic management and its role and importance in ensuring competitive advantage. The importance of strategic management in general is considered to achieve a competitive advantage, efficiency improvement.

At the end of the work, conclusions and recommendations are based on the findings to ensure correct management performance and enhance its level.

Author Biography

Kristina Avaliani

Doctoral Student of Sokhumi State University

References

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. Deniz Ucbasaran; Dean A. Shepherd; Andy Lockett; John Lyon. 2013. "Life after Business Failure: The Process and Consequences of Business Failure for Entrepreneurs." Journal of Management 163-2002.

. Giorgi Shubladze; Babulia Mgebrishvili; Fikria Tsotskolauri. 2008. Fundamentals of Management. Tbilisi: Universal.

. Rojas, Katrina. 2015. "Evaluating the Performance of an Organisation." better evaluation.

. Smita Singh; Patricia Doyle Corner; Kathryn Pavlovich. 2007. "Coping with entrepreneurial failure." Journal of Management & Organization 331-344.

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Published

2020-12-26

How to Cite

Avaliani, K. . (2020). Mechanisms for eliminating risk factors in the management of public organizations. Business and Legislation, 13(2), 112–117. Retrieved from https://www.ojs.b-k.ge/index.php/bk/article/view/709