Role of information technology in decision making PDF
@inproceedings{RadoviMarkovi2015TheRO,
title={The role of information management in decision making and business success},
author={Mirjana Radovi{\'c}-Markovi{\'c} and Milo{\vs} Vu{\vc}ekovi{\'c}},
year={2015}
}The purpose of nearly every business organization is to be profitable, to grow and survive. To do this or to fulfil any defined purpose involves making effective decisions – decisions that anticipate problems (and opportunities). After making the decisions, it is necessary to monitor them and control their implementation. Finally, the business must also operate routinely on a day-to-day basis. These tasks - decision-making, control and operation- are only made possible through a proper… Show Figures from this paper3 CitationsReferencesSHOWING 1-10 OF 23 REFERENCES There are different types of
decision, they include programmed decision and a non-programmed decision. There are different models for decision making such as classical economic model,administrative model and Herbert Simons model of decision making. For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc There are different types of decision, they include programmed decision and a non-programmed decision. There are different models for decision making such as classical economic model,administrative model and Herbert Simons model of decision making. For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc What is the role of information technology in decision making?Technology can speed up data collection to help company managers make decisions faster and more efficiently. By offering network links between consumers and the company's central database, the company will collect current data on sales and can make decisions based on the new information.
How information system improves decision making?Management information systems can help you make valid decisions by providing accurate and up-to-date information and performing analytic functions. You have to make sure the management information system you choose can work with the information formats available in your company and has the features you need.
What is the main role of information technology?Information technology is building communications networks for a company, safeguarding data and information, creating and administering databases, helping employees troubleshoot problems with their computers or mobile devices, or doing a range of other work to ensure the efficiency and security of business information ...
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