Abstract:
The succes of good management may be boiled down to taking the right decisions at the right moment.
The effectiveness of management is defined by the way in which the decisions are made and are implemented to achieve the firm's aims.
In this article, relations between aspects of management and working results in the form of yield level will be analysed.
Better educated entrepreneurs in general look better and further ahead, which offers more opportunities to anticipate on future (uncertain) developments.
Especially the large modern firms show a relatively strong relation to the yield level.
This means, that the more modern the firm, the higher the yield level that is achieved.
The power which emanates from combined attention for strategical and tactical decisions in a dynamic and sequential decision model should be faced.
The total field of tension does not play any important part as an independent group of variables in the explanation of the yield level.
Low tensions occur in general more often with entrepreneurs with a social objective.
Differences in kinds of objectives are not only dependent on the entrepreneurs qualities of character, the firms structure or environmental factors, but they may also be traced back to the firms phase of development and the maturing process of the entrepreneur.
Economic objectives occur more often in the development phase of the firm.
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