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Showing posts with the label Decision Making

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...

Strategic uses of information technology

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IT Stands for "Information Technology," . It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies. Many companies now have IT departments for managing the computers, networks, and other technical areas of their businesses. IT jobs include computer programming, network administration, computer engineering, Web development, technical support, and many other related occupations. Since we live in the "information age," information technology has become a part of our everyday lives. That means the term "IT," already highly overused, is here to stay. Regardless of whether an organization’s service area is local, regional or global in scope, it is important for all business leaders to constantly be vigilant in considering new ways to increase operational efficiency in today’s highly competitive marketplace. Reducing costs is not the only way to improve ef...