Managerial decision making

Managerial decision making

1. Management information system MIS

   • System to support and help decision making

2. Enterprise resource planning system ERP

   • Provides information of an enitre organization

3. Scout for porblems

   • Make de decision for solving them
     • Monitor the consequences

4. Brain storming

   • Electronic brainstorming
     • Same thing but over a computer network
   • Suggests a broad range of alternatives

5. non-programmed decision making

   • Decision made to a problem which is unique
   • Poorly defined and unstructured

6. Managers are sometimes defined as decsion makers

7. Business inteligence software

   • Analyze data

8. Programmed decision making

   • Decision that has been experienced before
   • Enough wisdom to solve the problem

9. Devils advocate

   • Challenges asumptions of a group of people

10. E bsuiness or E commerece

    • Businesses or process which take place in the computer network

11. Intranet and Extranet

    • Internal communication system through internet and external

12. Risk propensity

    • Willgness to undertake a problem for greater profit