ADMS 2511 Study Guide - Business Performance Management, Performance Indicator, Decision Support System
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9 Jan 2014
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Document Summary
Managers and decision making management is a process by which organization achieves its goals through the use of resources. The resources are inputs and goals are the outputs. Managers" success is the ratio between inputs and outputs which indicates his productivity. The manager"s job and decision making managers have three basic roles. Recently is have been developed that support all three roles. A decision consists of intelligence, design, and choice. The intelligence phase examine a situation and identify the problem. In the design phase, a model is constructed to simplify the problem. Why managers need it support they need it to make a good decision and it support ensures it. Decision making is affected due to the following trends: the number of alternatives is increasing due to technology making it hard to explore relevant options, decisions are increasingly made under time pressure. These technologies are called business intelligence (bi) systems.