Author: Anna Wojewnik-Filipkowska

Publisher:

Published: 2013

Total Pages: 14

ISBN-13:

The fundamental factor determining development of corporations and cities is corporate and municipal asset management. In a developed capital market and at the time of global economic hardship, a major issue on which investment and real estate decisions are based is the understanding of decision makers' motives, determinants of decision making, decision types, decision criteria and decision-making process. The knowledge of these enable corporate and municipal managers to make rational decisions. The general aim of the research is to provide evidence for the asset management importance in corporation and municipality, justify the implementation of a formal decision making process as a tool of a structured way for solving problems and verifying factors which should be included in the decision process in reference to corporate and municipal asset management. Although, this research has been conducted as literature review, the results of the study can be useful for private investors and public real estate managers, also in the process of mutual communication as formal methods have the potential to improve communication, raise efficiency, precision and common approval of the decision result.