Author(s):
1. Aziz Sunje, Prirodno-matematički fakultet Banja Luka, Federation of Bosnia and Herzegovina , Bosnia and Herzegovina
2. Ermin Cero, American University in BiH, Federation of Bosnia and Herzegovina , Bosnia and Herzegovina
3. Nedim Celebic, American University in BiH, Federation of Bosnia and Herzegovina , Bosnia and Herzegovina

Abstract:
Strategic decisions are of crucial importance for any company since they determine direction of its development and growth. Although, strategic decisions are generally associated with top management, middle management play serious role in some phases of strategic decision making. Purpose of this paper is to test theoretical model of strategic decision making which defines and involves middle management roles in the process of decision making on emerging markets such as Federation of Bosnia and Herzegovina. The goal is to research in which extent middle managers participate in different phases of strategic decision making. We used ''management science'' method of decision making which has seven phases among which three are considered as strategic role of middle management. Those phases are implementation of decisions, synthesizing information from environment and adoption of alternatives for decision making. For the purpose of empirical model testing, we surveyed 135 middle and managers from 30 middle enterprises in Federation of Bosnia and Herzegovina. Correlation and regression are used as statistical methods. Based on the model, research revealed that middle managers only participate in phases of defining the problem, implementation of decisions and analysis of results while other four phases are generally associated with top management. Analysis of results confirmed that characteristics of middle managers do not correlate with the degree of their involvement in the process of decision making.

Key words:
strategic decision making, middle management, middle enterprises

Date of abstract submission:
10.02.2014.

Conference:
REDETE 2014 - Researching Economic Development and Entrepreneurship in Transition Economies