ITSS 3300 Lecture Notes - Lecture 12: Business Analytics, Business Process, Data Visualization
25 Jun 2018
School
Department
Course
Professor
CH 12- Business Intelligent
Decisions:
Unstructured decisions: involves risk, must examine markets, current company structure etc. Requires a
lot of judgment.
-Varied structure decision
Structured data: is very easy to manage the opp of unstructured.
-Routine decision doesn’t require much thinking
Stages in decision making:
-
Intelligence consists of discovering, identifying, and understanding the
problems
-Design involves identifying and exploring various solutions to the problem.
-Choice consists of choosing among solution alternatives.
-Implementation involves making the chosen alternative work and continuing
to monitor how well the solution is working.
find more resources at oneclass.com
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Document Summary
Unstructured decisions: involves risk, must examine markets, current company structure etc. Structured data: is very easy to manage the opp of unstructured. Intelligence consists of discovering, identifying, and understanding the problems. Design involves identifying and exploring various solutions to the problem. Implementation involves making the chosen alternative work and continuing to monitor how well the solution is working. Managers and decision making: classical model describes formal managerial functions but does not address what exactly managers do when they plan, decide things, and control. Behavioral models state that the actual behavior of managers appears to be less systematic, more informal, less reflective, more reactive. Interpersonal roles- managers act as figureheads for the organization when they represent their companies. Informational roles- receiving the most concrete, up-to-date information and redistributing it to those who need to be aware of it. Decision roles- negotiate conflicts, initiating new kinds of activities, handle disturbances, allocate resources etc.
