GMS 200 Lecture Notes - Lecture 2: Decision-Making, Business Intelligence

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Sui Sui

Document Summary

Ability to understand how technologies and to use them to their best advantage. Ability to locate, gather, organize, and display information for decision-making and. Ability to evaluate and analyze information to make actual decisions and solve real problems problem solving. Data made useful and meaningful for decision-making. Taps information systems to extract and report data in organized ways that are. Visually update and display key performance metrics and information on a real-time useful to decision-makers basis. Problem-solving: the process of identifying a discrepancy between actual and desired performance and taking action to resolve it. A choice among possible alternative courses of action. Something is wrong or has the potential to go wrong performance opportunity. The situation offers the chance for a better future if the right steps are taken. Inactive in information gathering and solving problems. Reactive in gathering information and solving problems. Proactive in anticipating problems and opportunities and taking appropriate action to gain an advantage.