This article throws light upon the two types of information systems needed by organisations to make decisions. The types are: 1. Management Information System (MIS) 2. Decision Support System (DSS). Type # 1. Management Information System: To carry out managerial functions for various functional areas (production, marketing etc.) and integrate them with the external environment (government, customers etc.), managers need [...]
After reading this article you will learn about Decision Making in an Enterprise:- 1. Meaning of Decision Making 2. Process of Decision Making. Meaning of Decision Making: To decide means to 'cut short', 'cut-off' or come to conclusion, A decision is a choice whereby a person forms a conclusion about a situation. A decision represents a course of behaviour or [...]
This article throws light upon the seven different types of decision taken in an organization. The types are: 1. Programmed and Non-Programmed Decisions 2. Major and Minor Decisions 3. Routine and Strategic Decisions 4. Policy and Operating Decisions 5. Personal and Organizational Decisions 6. Long Term Departmental and Non-Economic Decisions 7. Individual and Group Decisions. Type # 1. Programmed and [...]