Information Technology on Decission Making

In: Business and Management

Submitted By NigateAbebe
Words 944
Pages 4
Decision Making
In: Business and Management[->0]
Decision Making
Decision making

1. What are the different types of decisions and how does the decision-making process work?
There are 3 different types of decisions, which are Unstructured, Structured, and Semi-Structured. For Unstructured decision making managers must provide judgment, evaluation, and insight to solve problem. The made decision depends on the individual making it. In a Structured decision repetition and routines are applied for each decision that is made. These decisions have a procedure for handling a situation so that it does not have to be approached as a new situation upon accurance. Structured takes away stress from the manangers as they do not have to make difficult decisions. But, managers also lose some of their power with this decision making process. Semi-structured allows the manager to use past situations for current problems, but also has the flexibility to emphasize using own judgement.

2. How do information systems support the activities of managers and management decision making?
Information systems can assist in making decisions by providing information and tools for analysis. To manage situations effieciently and effectively, organiztions use Management Information Systems, MIS, to process information. Individuals, technology, and informationManagement information systems involve three primary resources people, technology, and information. Management information systems are distinct from other information systems in that they are used to analyze operational activities in the organization.[2] Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making
3. How do business intelligence and business analytics support decision making? analytics software to analyze buying…...

Similar Documents

Information Technology

...organizations do managers need to know about to build and use information systems successfully? What is the impact of information systems on organizations? Define an organization and compare the technical definition of organizations with the behavioral definition. Students can make use of Figures 3–2 and Figure 3–3 in answering this question. The technical definition defines an organization as a stable, formal social structure that takes resources from the environment and processes them to produce outputs. This definition of an organization focuses on three elements: Capital, labor, and production and products for consumption. The technical definition also implies that organizations are more stable than an informal group, are formal legal entities, and are social structures. The behavioral definition states that an organization is a collection of rights, privileges, obligations, and responsibilities that are delicately balanced over a period of time through conflict and conflict resolution. This definition highlights the people within the organization, their ways of working, and their relationships. The technical definition shows us how a firm combines capital, labor, and information technology. The behavioral definition examines how information technology impacts the inner workings of the organization. Identify and describe the features of organizations that help explain differences in organizations’ use of information systems. Common features for organizations include: ......

Words: 2798 - Pages: 12

Correlation Between Management Accounting and Information Technology in Management Decision Making

...I. & Richardson, B. (2007), Information Technology, Decision Support and Management Accounting Roles, Journal of Applied Management Accounting Research Dechow, N.; Granlund, M. & Mouritsen, J. (2007), Management Control of the Complex Organization: Relationships between Management Accounting and Information Technology, Handbook of Management Accounting Research Ghasemi, M.; Shafeiepour, V.; Aslani, M. & Barvayeh, E. (2011), The impact of Information Technology (IT) on modern accounting systems, Procedia - Social and Behavioral Sciences no. 28 pag.112 – 116 Moorthy, M.; Voon, O.; Samsuri, C.; Gopalan, M. & Yew, K. (2012), Application of Information Technology in Management Accounting Decision Making, International Journal of Academic Research in Business and Social Sciences, vol. 2, no. 3 Spraakman, G. & Sanchez-Rodriguez, C. (2010), The Impact of Management Accounting on Management Accounting Practices, School of Administrative Studies, York University, Canada Usurelu, V.; Danaila, A., Mihai,G.,Vatasoiu, C.(2010), Impactul noilor tehnologii ale informatiei si Comunicarii asupra Contabilității Instituțiilor Publice, Analele Universităţii “Constantin Brâncuşi” din Târgu Jiu, Seria Economie, Nr. 4 Velicanu, M.; Lungu, I. & Munteanu, M., (2000), Studiul si analiza realizarii unui sistem suport de decizie într-o agentie imobiliara, Revista Informatica Economica, nr. 4 (16) Volkan, I & Pete, S (2008), Adopting Information technology (IT) in Management......

Words: 3163 - Pages: 13

Information Technology

...Chapter One: Information Systems in Global Business Today -Information system: A set of interrelated components that collect, retrieve, process, store, and distribute info to support decision making and control in an organization –Six building blocks of computers: input, output, memory, arithmetic/logic unit, control unit and files. Control unit and arithmetic/logical unit together known as CPU (central processing unit). –Arithmetic/Logic Unit: carries out mathematical operations and logical comparisons, consist of very large scale integrated circuits, can perform billion operations per second, numbers taking from memories as input and results stored in memory as output. -Control Unit: controls the other five compo of the comp system, enables the comp to take advantage of speed and capacity of its other compo, list of operations called a program, these operations read from memory, interpreted and carried out one at a time (stored program concept). –Cache memory: high speed, high cost storage, used as intermediary between control unit and main memory, compensates for speed mismatches built into the comp system. –Multiple processor configurations: a comp system usually contains more than one processor, dual processor contain two physical separate processors as two separate chips, dual core contain two complete processors manufactured as a single chip, dual processor are better and faster. –Input: devices allow users to enter data into the comp for processing, common devices:......

Words: 3433 - Pages: 14

Information Technology

...Information Technology This report provides an analysis and evaluation of information technology tools available to help support our business. The purpose of this plan is to set the foundation for our information technology department regrading marketing, accounting, sales, and quality assurance. This report will also cover and evaluate technologies that have emerged in the last five years and consider there potential impact on the business and also determine whether or not these technologies will be adopted. Communication Communication is one of the key elements when conducting business. This is because in order to run a successful business one must be in constant contact with customers and service providers. Technology such as VoIP (voice of internet protocol) makes this possible, VoIP may be the single most important thing that should be integrated into our business this technology allows for long distance calls, the sending and receiving of information, documents, capable of happening on a global level and is the most efficient way to conduct business transactions and communications. Most importantly however it is cheap, between the efficiency and finical savings this technology allows it is my recommendation that this technology should be adopted. One of the biggest advantages of integrating new technology into our business is the finical savings it affords us. This will allows tasks that once took sizable amounts of time and money to be completed with a touch......

Words: 969 - Pages: 4

Information Technology

...Question 1: From an analytical prospective, explain how information systems relate to the way Zara runs its business. What types of systems are the most essential for this company in its current environment? In this new era of globalization, the using of technology has been very common and can be conclude as part of human’s life. In order to survive in today’s challenging business world, every organization has to be confronted with highly competitive pressure to bring out more effectiveness and efficiency when running a business. This case study is about Zara, large international fashion company which known as one of the survivors by successfully overcome the business pressure by implementing new technology system. Zara is known as one of the largest international fashion companies which belong to Inditex, one of the world’s largest distribution groups. This clothing retail group headquartered their first store which located at La Coruna, Spain. By having 531 stores located in 45 countries, Zara carry out their business model by using information system to generate design, production and distribution service through retail network. From production till distribution, Zara choose to manage the entire process by itself because they believe is more efficient and profitable by doing so. It also helps Zara to penetrate fashion trend faster compare to other competitors. Today, Zara works towards their mission by contribute to the sustainable development of society and that of...

Words: 2045 - Pages: 9

Information Technology

...Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data,[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology, such as computer hardware, software, electronics, semiconductors, internet, telecom equipment, e-commerce and computer services.[3][a] In a business context, the Information Technology Association of America has defined information technology as "the study, design, development, application, implementation, support or management of computer-based information systems".[5] The responsibilities of those working in the field include network administration, software development and installation, and the planning and management of an organization's technology life cycle, by which hardware and software is maintained, upgraded and replaced. Humans have been storing, retrieving, manipulating and communicating information since the Sumerians in Mesopotamia developed writing in about 3000 BC,[6] but the term information technology in its modern sense first appeared in a 1958 article published in the Harvard Business Review; authors Harold J. Leavitt and Thomas L. Whisler commented that "the new technology does not yet have a single established......

Words: 299 - Pages: 2

Ethical Decission Making

...Ethical Decision-Making Reflection Paper Jo-Ann Morgia Grand Canyon University: PCN-100 10/19/2014 In the world of alcohol and drug counseling there are important issues for the addiction counselor to understand which is ethics and boundaries. The counselors code of ethics is very imperative and understanding the possible situations that may come into play during a professional relationship. Some boundary example situations can be dual relationships, boundary crossings, and bartering. Even though these situations are common there is still a question to what is ethical. Some situations are very clear to understand but then there are some other situations that are not as clear to understand. I will explain how applying an evidence based decision making model will assist in preventing boundary crossing from progressing into boundary violations, reflect my understanding of a counselors code of ethics, and explain why following this model is so important to the success of the client’s treatment. Bartering is not unethical or prohibited for counselors but things may not quit work out the way it was planned. Bartering is services or goods given instead of a payment. An example of bartering is if the counselor is treating a client and the client is a hairstylist that is having money troubles then the hairstylist may make an offer to cut and style the counselors hair. At first this may seem like a good deal especially when the counselor is long overdue for a hairstyle...

Words: 779 - Pages: 4

Information Technology

...Information & Communications Technology Research Proposal Name: Institution Affiliation: Background There has been developing awareness that the power information technology and computing. This must be, and can be, amplified past its customary client base to achieve individuals who up to this point have not had an entry to such innovation. Being digitally joined has gotten to be continually basic to economic, instructive, and social headway. The objective of this exploration subsidizing activity is to create new information that will help stretch the capacities of figuring engineering better to serve social and economic difficulties of underserved groups, both provincial and urban. The expression Data and Communication Technology for Development are likewise utilized as a part of the scholarly research group to depict this same objective. Information and Communication Technologies must be moderate, available, and important. Novel methodologies in figuring engineering have the potential for the extraordinary effect in a scope of regions, including instruction, human services, and economic improvement. The significance that exploration projects can have around there is noteworthy since there are troublesome mechanical issues to be unraveled to understand that vision. For example, work in last-mile organizing bases, making instinctive client interfaces, creating ease processing gadgets and making applicable applications in regions (Werthner, 2009). Research......

Words: 988 - Pages: 4

Information Technology

...architecture (WIPA) feasibly. Utilizing Intranet and Internet resources are implemented to increase the efficiency and effectiveness for the KMP and the accounting system. The integrated architecture fit various scenarios that including application service provider (ASP), plug-and-play software or end-user systems when new services enter into the requirement of small and medium enterprises (SMEs). All scenarios should develop and design base on WSA that use of object-oriented technology. The results can promotes interaction to achieve the problems solving expeditiously and association strengthening between the IT and the accounting department. Keyword: Web Service, Knowledge Management, Accounting System, Integrated Architecture 1. Introduction E-business model provides a foundation stone that generated collaborative solutions through internet and intranet, to develop and deploy new information systems. Enterprises adopt e-business model that emergence of new and affordable information and communication technology (ICT), to face dynamic and complex circumstances. ICT can improve performance and enhance the reliability of management (Powell & Dent-Micallef, 1997; OECD, 2003), and offers a large range of innovative or improved mechanisms to build trust in e-business environments (Friedman et al., 2000). Application service provision (ASP) business model was one of most popular acronyms during the high of the dot.com era (IDC, 1999). ASP as a third wave of outsourcing and a new......

Words: 3495 - Pages: 14

Information Technology

...Information Technology Name American Intercontinental University Information Technology (IT) and its effects Information Technology can be described as the use of computers and telecommunication devices in organizations for storage, retrieval and sending of data and information. In the past two decades, advancements in technology have been through the internet and the use of the World Wide Web, among other IT innovation such as advancement in computers. The IT innovations are important as they have assisted organizations in processing and storing as well as exchanging appropriate information for decision making and competitive advantages. In the field of business, potential customers use the internet and World Wide Web to look for company information, and product news since companies started to use internet to advertise their products. Through the Internet, business information is present across the globe and the Web has two main advantages. The first is that it offers convenience where people can communicate and complete transaction from different locations. The second advantage is that it provides information. There is a lot of information concerning companies, their products, as well as competitors and the information is also of high quality, and readily available. The main innovation of IT advancements is that the world has become a global village with easy access and exchange of information. But on the other hand, some individuals and organizations have......

Words: 885 - Pages: 4

Decission Making Process

...Decision-Making Process Paper Decision-Making Process Paper I was presented with a possible job change from a competitor of who I worked for, PTI, and this was no small choice to make. There was a lot to consider before just picking up and moving to a new state and starting a new job. It was time to either make a move and stay in a rut or move on, to hopefully bigger and better life. The situation included that I had a son who did not live with me and I would have to move farther away from him. I had a fiancé who I had to consider her career and what was going on in her life. I had worked for PTI for 10 years and had a solid reputation but seemed like I was not going anywhere. I did not fear getting let go or PTI going under as they had a lot of business and being a solid performer and making myself irreplaceable did not think they would ever let me go. How I came to the decision was by talking to my wife and family and praying to God to steer me in the right direction. Leaving PTI meant starting fresh, so the first thing I needed to do was at least sit down with Amcor to see what they had to offer. Come to find out it was a pretty big offer and starting in a good position. So leaving PTI became easier by hearing how much I could better myself. As far as my son, this was the hardest to figure out but the thought was maybe I could stay where we lived and just drive to and from work every day and that would be close to three hours of driving...

Words: 500 - Pages: 2

Information Technology

...Information technology From Wikipedia, the free encyclopedia "IT" redirects here. For other uses, see It (disambiguation). Information science General aspects Information access · Information architecture Information management Information retrieval Information seeking · Information society Knowledge organization · Ontology · Taxonomy Philosophy of information Science, technology and society Related fields and sub-fields Bibliometrics · Categorization Censorship · Classification Computer data storage · Cultural studies Data modeling · Informatics Information technology Intellectual freedom Intellectual property · Memory Library and information science Preservation · Privacy Quantum information science Portal icon Information science portal v t e Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data,[1] often in the context of a business or other enterprise.[2] The term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with information technology, including computer hardware, software, electronics, semiconductors, internet, telecom equipment, engineering, healthcare, e-commerce and computer services.[3][a] Humans have been storing, retrieving, manipulating and communicating information since the Sumerians in......

Words: 3183 - Pages: 13

Management and Organisations: the Affect of Information Technology on the Decision Making Process

...21057393 Introduction Information Technology found its roots in business during the late 20th century and has grown to become an integral and dominant aspect of almost all organisations in the 21st century. Technology itself has fuelled this growth due to the creation of the internet in the late 1980s, leading to information becoming both readily available and easily accessible in a way in which it has never been before. This access to information has enabled people to create systems and information networks within organisations that enhance intellectual capital and efficiency, productivity, and storage and communication of information. Xero™, for example, is a software company which offers financial, accounting, and inventory management packages which automate and generate financial reports as well as various other functions. The creation of these types of systems has had a profound impact on the decision making process within the contemporary dynamic workplace. As stated in Stata, R, 1989, “The new information system is helping managers on both sides to understand their business better and to make better decisions” This wave of new information technology brings new responsibilities and skill requirements for employees as well as presenting novel challenges and opportunities for organisations. With automation of many traditional roles, employees may find themselves either redundant or in need of retraining to deal with the influx of new technology. Modern managers are......

Words: 2918 - Pages: 12

Information Technology

...nformation Technology for Management Transforming Organizations in the Digital Economy International Student Version EFRAIM TURBAN, University of Hawaii at Manoa LINDA V O L O N I N O , Canisius College with contributions by: CAROL POLLARD, Appalachian State University . JANICE C. SIPIOR, Villanova University DOROTHY LEIDNER, Baylor University LINDA LAI, Macau Polytechnic University of China CHRISTY CHEUNG, Hong Kong Baptist University DEBORRAH CRISTOBAL, University of Santo Tomas, Philippines WILEY & Sons, Inc. CONTENTS 4 Networks and Collaboration as Business Solutions 112 I IT Supports Organizational Performance in Turbulent Business Environments 1 Toyota Scion's Innovative Advertising Strategies 2 1.1 Doing Business in the Digital Economy 4 1.2 Information Systems and Information Technology 11 1.3 Business Performance Management, Business Pressures, Organizational Responses, and IT Support 13 1.4 Strategy for Competitive Advantage and IT Support 18 1.5 Social Computing and Networking and Virtual Worlds 25 1.6 Why Should You Learn About Information Technology? 29 1.7 Plan of the Book 30 1.8 Managerial Issues 31 Minicase: NHS Hospitals Adopt Wireless 35 G Information Technologies: Concepts, Types, and IT Support 38 Mary Kay's IT Systems 39 2.1 Information Systems: Concepts and Definitions 41 2.2 Classification and Types of Information Systems 42 2.3 How IT Supports People 52 2.4 How IT Supports Supply Chains and...

Words: 1585 - Pages: 7

Information Technology

...Communication and Information Technology Paper: Electronic Medical Records Yashira Burns 4/2/2012 HCS/320 Jeffrey Johnson Abstract The purpose of this paper is to Communication and Information Technology Paper: Electronic Medical Records A new communication technology that has been slowly taking over health care businesses is EMR’s (Electronic medical records). For centuries most health care business worked with paper based records and it is still the most common method used to record patient information. The development of computer based records has slowly started developing over the twenty years in the health care system. This new communication technology was invented to provide health care businesses with easy access to their patient records and to save paper. Do to the amount of paper and storage that paper based records need, electronic medical records has proven to be the more efficient way to store patient information. Switching to electronic medical records will provide health care business with more opportunity like more employment availability. There are several hundred EMR systems available for health care business. The purpose of the electronic medical record is to allow the doctor or physician to record each encounter they have with their patients. The information that physicians or doctors are able to record with EMR’s are patient demographics, progress notes, medications prescribed, problems, past medical history, vitals taken by the nurse,......

Words: 839 - Pages: 4