ROLE OF ASSESSMENT IN DECISION MAKING AND EMPIRICAL EXAMINATION OF THEIR RESULTS

Revaz Gvelesiani, Professor at Ivane Javakhishvili Tbilisi State University, Georgia

Published in

INTERNATIONAL JOURNAL OF STRATEGIC MANAGEMENT
Volume 18, Issue 2, p41-44, December 2018

ABSTRACT

The starting point for economic policy analysis is the difference between the existing and the one that should exist. Therefore, point of views (opinions) about what should be, can be used to assess the observable economic condition and development. Therefore, there may be recommendations on how to avoid the differences between the existing and the things that should exist. The reality is the actual events that any person can examine. There are also some desirable events that are out of control. It is based on their comparison, as the content of the assessments and recommendations. Normative opinions express subjective desires, so the assessment results cannot be considered as "correct" or "false." It is possible that the subject (or group of economic interests) will consider it acceptable for himself/herself or even refuse it.

Keywords

Economic-political decisions, freedom of assessment, social values, economic interests, operationalization of objectives, empirical examination.


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