DECISION MAKING FOR SMALL AND MEDIUM SIZE ENTERPRISES WITH A FOCUS ON SUCCESSFUL WORKPLACE COLLABORATION

Research purpose. It is rational to say that individual decision making is less timeconsuming and easier than group decision making. Decisions can be accomplished in sucha manner as long the individual is an expert, well-informed on the topic, and is unbiased.However, due to globalization and technological advancement people are enforced to performchallenging tasks in collaboration with other individuals. Nowadays one of the factors whichcontribute the most to business success is whether or not employees are able to collaborate inteam settings. By utilizing team settings businesses gain fasters operations and more effectiveresults. Additionally, collaboration positively impacts individuals’ responsibility, whichfurthermore empowers their motivation, especially in a digital workplace setup. Thus thepurpose of this research is to determine and evaluate the most important values which impactcollaboration in small and medium enterprises (SMEs).Methodology. The study was carried out in a non-experimental way with a focus tocollect data for descriptive research. A two-phase structured self-administrative survey wasdistributed online (n=117). 7 points Likert scale was applied to sum survey responses overthe set of individual values.Value / Practical implications. As a conclusion is offered a set of recommendations formanagers concerning the improvement of collaboration in the workplace based on discoveredindividuals’ values, like introducing Kanban boards to track and trace the efficiency ofindividual effort, increasing autonomy in the workplace, etc