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The decision Making process

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Decision making is a daily activity for any human being. There is no exception about that. When it comes to business organizations, decision making is a habit and a process as well. Effective and successful decisions make profit to the company and unsuccessful ones make losses. Therefore, corporate decision making process is the most critical process in any organization. In the decision making process, we choose one course of action from a few possible alternatives. In the process of decision making, we may use many tools, techniques and perceptions. In addition, we may make our own private decisions or may prefer a collective decision. Usually, decision making is hard. Majority of corporate decisions involve some level of dissatisfaction or conflict with another party . Decision making  is the  process  of  making  choices by identifying  a decision , gathering information, and assessing alternative resolutions. Using a step-by-step  d...

Decisions Types and Making

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Decision making is cognitive process of selecting cause of action to achieve a specific goal. we have alternative choice to solve one problems we have to choice one route so we take decision. if we have no information we take decision on other hand set of procedure help to take decision we take decision in a logical way. after a situational analysis we take decision i.e increase production if flows of customer is high in market. there are different types of problems we have different approaches to solve problems. Three types of decisions: There are three types of decisions made by different sections of the organization. Information systems are used to help with these decisions. senior management decide exit from market. middle management marketing plane operational management offers credit to customers Unstructured decisions:   has multi-pal solution.  These decisions require judgement, evaluati...

m-commerce

Definition: M-Commerce  also called as  Mobile Commerce  involves the online transactions through the wireless handheld devices such as mobile phone, laptop, palmtop, tablet, or any other personal digital assistant. In fact, mobiles are used for more than three-quarters of web searches worldwide and is fast becoming the hottest sales channel. In Asia Pacific, for example, half of all sales during 2018 were completed using a mobile phone and the UK is catching up. A decade ago, few would have thought that we could pay for products via our smartphones through the use of mobile payments technology, or use apps to order our weekly shopping on the bus home with web speeds nearly as good as our home broadband. In the last few years, m-commerce has grown substantially. At the beginning of the year, eMarketer revealed m-commerce accounted for 6% of global total retail sales and nearly 60% of e-commerce. This is following a 40% year-on-year increase of the technol...

E-Business vs E-Commerce

Online shopping has gained fame in these last few years. Now, if you want to buy something, you do not need to walk all the way to the store. With just a smartphone and internet connection, you can buy anything you want, from any place in this world. This can be achieved thanks to two popular network which known as E-Commerce and E-Business. Most people think those two terms have a similar meaning. In fact, both of them aren’t similar, but closely related to each other. What is E-Commerce? E-Commerce, or the short for “Electronic Commerce” is the process of selling and buying which done via the web or the internet. Unlike the physical store, in E-Commerce, there is no need for the buyer and the seller to meet with each other in order to do the whole selling and buying process. There are several types of E-Commerce: 1. Business to Business (B2B) Business to business E-Commerce is including all kind of electronic transactions of services or products that happened between...

The Seven Features of ECommerce

The Seven Features of eCommerce Not so long ago, it was uncommon for companies to have websites. Today, e-commerce sees billions of dollars traded annually. No large company with any commercial presence can afford to be without a website. For many companies, their presence on the internet is their window to the world. Some companies operate solely as e-commerce businesses. While all websites are unique, there are seven elements that every website site should have to stay relevant and competitive Provide Ubiquity to Increase Sales Ubiquity means that the commercial transaction or activity is available at any time from anywhere in the world. Today consumers rely heavily on their cell phones and tablets to access the internet. So make sure that your website is mobile friendly. Having a responsive website that intuitively adapts to whatever device is accessing it provides a user friendly experience. Ensure Global Reach and Security E-commerce allows your company to reach consu...