PECULIARITIES OF EVALUATING THE EFFECTIVENESS OF MANAGERIAL DECISIONS UNDER MODERN CONDITIONS
Abstract
The purpose of the article is to identify and systematize the key features of evaluating the effectiveness of managerial decisions in modern conditions, considering the integration of financial and non-financial indicators, digital technologies, and personnel competency development. The relevance of the topic is driven by the high dynamism of the economic, technological, and social environment, growing competition, globalization, and rapid innovation, which complicate managerial processes and require timely, well-grounded, and adaptive decision-making. Traditional evaluation approaches often fail to fully capture the comprehensive impact of managerial decisions on financial, strategic, social, and technological outcomes, necessitating the use of integrated assessment methods. The methodological framework of the study is based on a comprehensive analysis of scientific literature, comparative analysis of traditional and modern evaluation criteria, and the application of systemic and inductive–deductive approaches to generalize theoretical and practical insights. Structural analysis methods are also employed to identify interrelations among financial, organizational, social, and strategic indicators of managerial effectiveness. The findings indicate that managerial decision effectiveness should be understood as the degree to which organizational goals are achieved through rational resource utilization and risk minimization, assessed using integrated indicators. The study substantiates the shift from financially oriented criteria to comprehensive models incorporating KPI, Balanced Scorecard, multicriteria decision analysis, scenario modeling, and digital analytical tools such as BI systems and artificial intelligence. These approaches enhance objectivity, forecasting accuracy, and organizational adaptability. The practical significance of the article lies in the development of applied recommendations for domestic enterprises on implementing integrated systems for evaluating managerial decision effectiveness. These recommendations support improved monitoring, feedback, strategic adjustment, and sustainable development, thereby strengthening competitiveness in a volatile external environment.
References
Simon H. A. Administrative Behavior: A Study of Decision-Making Processes in Administrative Organization. 4th ed. New York : Free Press, 1997. 272 p.
Koontz H., O'Donnell C. Principles of Management. New York : McGraw-Hill, 2015. 464 p.
Drucker P. F. The Practice of Management. New York : Harper & Row, 1954. 350 p.
Mintzberg H. The Nature of Managerial Work. New York : Harper & Row, 1973. 320 p.
Ansoff H. I. Corporate Strategy. New York : McGraw-Hill, 1965. 400 p.
Mescon M., Albert M., Khedouri F. Management: Principles and Practices. 5th ed. New York : Harper & Row, 1992. 512 p.
Kotler F. Marketing Management. 15th ed. New York : Pearson, 2016. 784 p.
Koontz H., O’Donnell C. Principles of Management. 10th ed. New York : McGraw-Hill, 2015. 512 p.
Лозовський О., Горшков М. Ефективність управлінських рішень в менеджменті організації : стаття. Економіка та суспільство, 2019. № 15. С. 112–118.
Савченко О., Майстро Р. Дослідження підходів до визначення економічної ефективності управлінських рішень : стаття. Вісник КПІ. Серія: Економіка, 2020. № 4. С. 45–52.
Савченко О., Майстро І. Оцінка ефективності управлінських рішень в умовах цифровізації : монографія. Київ : Наукова думка, 2020. 214 с.
Kaplan R. S., Norton D. P. The Balanced Scorecard: Translating Strategy into Action. Boston : Harvard Business School Press, 2004. 384 p.
Лозовський М., Горшков В. Системний підхід до оцінки ефективності управлінських рішень на підприємствах : монографія. Харків : Видавництво ХНУ, 2019. 198 с.
Lu Y. The role of digital technologies in organizational change strategies: AI, Big Data, and IoT. International Journal of Digital Transformation, 2024. Vol. 8, № 1. P. 12–29.
Kasrim R. et al. Organizational readiness, communication, and change management in digital transformation projects. Journal of Organizational Change Management, 2024. Vol. 37, № 2. P. 211–230.
Томчук В. HR-орієнтовані підходи до управління змінами: ключові стадії та управлінські дії : стаття / Human Resource Management Review, 2023. Vol. 14, № 3. P. 101–118.
Гарафонова Л., Жосан С., Хвостенко В. Стратегічний аналіз, гнучкі методології, KPI та цифрові платформи у підвищенні адаптивності організацій : стаття. Management in Dynamic Environments, 2025. Vol. 12, № 1. P. 33–52.
Kerzner H. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. 12th ed. New York : Wiley, 2017. 832 p.
Simon H. A. (1997) Administrative Behavior: A Study of Decision-Making Processes in Administrative Organization. 4th ed. New York: Free Press, 272 p.
Koontz H., O'Donnell C. (2015) Principles of Management. New York: McGraw-Hill, 464 p.
Drucker P. F. (1954) The Practice of Management. New York: Harper & Row, 350 p.
Mintzberg H. (1973) The Nature of Managerial Work. New York: Harper & Row, 320 p.
Ansoff H. I. (1965) Corporate Strategy. New York: McGraw-Hill, 400 p.
Mescon M., Albert M., Khedouri F. (1992) Management: Principles and Practices. 5th ed. New York: Harper & Row, 512 p.
Kotler F. (2016) Marketing Management. 15th ed. New York: Pearson, 784 p.
Koontz H., O'Donnell C. (2015) Principles of Management. 10th ed. New York: McGraw-Hill, 512 p.
Lozovskyi O., Horshkov M. (2019) Effektivnist upravlinskykh rishen v menedzhmenti organizatsii [Effectiveness of managerial decisions in organization management]. Ekonomika ta suspilstvo – Economy and Society, no. 15, pp. 112–118.
Savchenko O., Maistro R. (2020) Doslidzhennia pidkhodiv do vyznachennia ekonomichnoi efektyvnosti upravlinskykh rishen [Research of approaches to determining economic efficiency of managerial decisions]. Visnyk KPI – KPI Bulletin. Seriya: Ekonomika – Series: Economics, no. 4, pp. 45–52.
Savchenko O., Maistro I. (2020) Otsinka efektyvnosti upravlinskykh rishen v umovakh tsyfryzatsii [Evaluation of managerial decisions effectiveness in digitalization conditions]. Kyiv: Naukova Dumka, 214 p. (in Ukrainian)
Kaplan R. S., Norton D. P. (2004) The Balanced Scorecard: Translating Strategy into Action. Boston: Harvard Business School Press, 384 p.
Lozovskyi M., Horshkov V. (2019) Systemnyi pidkhid do otsinky efektyvnosti upravlinskykh rishen na pidpryiemstvakh [System approach to evaluating managerial decisions effectiveness in enterprises]. Kharkiv: Vydavnytstvo KhNU, 198 p. (in Ukrainian)
Lu Y. (2024) The role of digital technologies in organizational change strategies: AI, Big Data, and IoT. International Journal of Digital Transformation, vol. 8, no. 1, pp. 12–29.
Kasrim R. et al. (2024) Organizational readiness, communication, and change management in digital transformation projects. Journal of Organizational Change Management, vol. 37, no. 2, pp. 211–230.
Tomchuk V. (2023) HR-orientovani pidkhody do upravlinnia zminamy: klyuchovi stadii ta upravlinski dii [HR-oriented approaches to change management: key stages and managerial actions]. Human Resource Management Review, vol. 14, no. 3, pp. 101–118.
Garafonova L., Zhosan S., Khvostenko V. (2025) Stratehichnyi analiz, hnuchki metodolohii, KPI ta tsyfrovi platformy u pidvyshenni adaptatyvnosti orhanizatsii [Strategic analysis, agile methodologies, KPIs, and digital platforms in enhancing organizational adaptability]. Management in Dynamic Environments, vol. 12, no. 1, pp. 33–52.
Kerzner H. (2017) Project Management: A Systems Approach to Planning, Scheduling, and Controlling. 12th ed. New York: Wiley, 832 p.
Copyright (c) 2026 М.О. Панкова
This work is licensed under a Creative Commons Attribution 4.0 International License.
