DECISION PROBLEM ANALYSIS BY USING KT® PROBLEM SOLVING AND DECISION MAKING METHODOLOGY

The paper deals with a relevant macroeconomic decision problem in the Czech Republic using KT (R) Problem Solving and Decision Making methodology by students in the study subject Managerial Decision Making at the University of Economics, Prague. Based on the application of this methodology, the paper seeks to answer several questions. Firstly, "How applicable is the methodology for the defined macroeconomic decision problem?" Secondly, "What are the strengths and weaknesses of the methodology itself on the one side, and of the users of the methodology on the other side?". And finally, "If any, how to overcome weaknesses of the methodology and how to utilize its opportunities?". The result of each analytical step of the methodology is summarized and critically evaluated. Subjective and objective shortcomings are identified; SWOT analysis of the methodology is developed. The major contribution of the paper is the identification of assumptions for the proper use and benefits of this methodology; the identification of places where people make often mistakes; and the proposal for improvements. The findings can contribute to practical applications of the methodology as well as to academic purposes.