Managerial Decision on Strategic Objectives in Global Environment

¹ Silesian University, OPF Karvina, Department of Business Economics and Management, Univerzitni nam. 1734/3, 733 40 Karvina, Czech Republic
² Silesian University, OPF Karvina, Department of Business Economics and Management, Univerzitni nam. 1734/3, 733 40 Karvina, Czech Republic

^* Corresponding author: rylkova@opf.slu.cz

Abstract

Managerial decision making is important in an enterprise and in leadership. Strategic objectives are, in general, objectives that an enterprise have to achieve to make its long-range plan that means a strategy succeed, especially in globalized environment. Each enterprise currently face the globalization that is why these enterprise have to know what can be done to achieve enterprise objectives more effectively within the future. The aim of the paper is to identify factors which can have an impact on decision making in the area of strategic objectives. Analysis shows the influence of selected variables such as financial performance, passion for work, managerial skills and communicated strategy on strategic objectives setting to be more open and dynamic or international. The paper is based on primary data collection from a recent survey of enterprises from the Czech Republic and on comparison with international resources focused on decision on strategic objectives. The primary research provides the support for relationships importance between selected variables for the managerial decision on strategic objectives. The secondary research introduces what specifically affects those variables. Moreover, the paper highlights that with managerial skills, a manager will assist the enterprise in achieving its objectives and business performance.