The place of confidence in the effective management
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 7, Issue
Abstract
The article investigates the place of confidence in the effective management process. The confidence as non-economic, socio-cultural institute is located in the structure of social capital of any society, organization, group; it exists in all economic, social, political and legal relations. The main purpose of this article is to conduct a theoretical study of the concept "confidence", to determine its place in the management process, to establish the supposition for building an effective management system and determine its level of influence on the economic development of the social network (organization). The confidence is an important characteristic of any organization` state as well as society in general; when there is a lack of confidence, the normal development of economy and organization is impossible. It has also been determined that confidence level` multiplication gives the stable socio-economic development of organization through management efficiency increase. The specificity of confidence is revealed in how reliable relationship can be. Therefore, at a high level of confidence in the economic sphere, almost all the needs of both - individual and a group are met, which in consequence leads to balanced activity. It is proved that the optimal level of confidence improves the management mechanism and promotes the effective development of the social network based on mutual understanding between the network participants and determines the motivation for achievements and reduces the competition`s risks. The article determined that confidence occupies significant place in effective management and plays an important role in the economic success of business entities. The study showed that it is necessary to pay attention to the importance of confidence as an effective management factor, because it affects the effectiveness of the organization functioning as a whole. The analyzed problems outline the relevance and prospects for further research and the results of this study can be used for further scientific investigations and practical studies in the field of management.
Authors and Affiliations
Nataliia Oleksandrivna Pacheva
Keywords
Related Articles
- EP ID EP531169
- DOI -
- Views 55
- Downloads 0
Success factors of small enterprises in the initial stages of the life cycle
The article presents the analysis of trends in the functioning of small businesses in recent years; variants of realization of life cycle of enterprises; a model of action of factors on the state of enterprise and demons...
Planning method of quality level & production parameters
The article shows that optimal product quality expresses the level of product properties, in which costs for its consumption and production in a quantity that fully satisfies the public need, are the smallest in the fixe...
Classification and description of the influence factors on financial reporting quality
The article is devoted to the definition and generalization of the main influence factors on financial reporting quality. The author substantiates the necessity to classify the factors in order to build the basis for ass...
Theoretical and instrumental preconditions of transformation modeling of economic security system of enterprise
Theoretical and instrumental preconditions of transformation modeling of economic security system of enterprise are considered in the article. Objective of modeling of such transformations and its content are determined....
The comparative bases of research discharge juveniles from punishment and from serving it
The essence and importance of comparative research method in case of discharge juveniles from punishment and from serving it were determined in the article. The rules and stages of research were analyzed as well as a res...