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A PRESENTATION ON
DECISION MAKING AND M.I.S
Prepared By :-
Aditya Pareek
MBA 1st Year
INTRODUCTION:- The word decision has been derived
from the latin word ‘decidere’ which means cutting away or cutting off,
A decision involve a cut of alternative between those that are desirable and those are non desirable
DECISIONS MAKING Decision making is the developing
concepts leading to the selection of a course of action among variations. Every decision making process produces a final choice
It can be an action or an opinion. It begins when we need to do something but we do not know what
e.g. Decision to raise a Purchase Order
IN DECISIONS MAKING THREE ASPECT OF HUMAN BEHAVIOUR ARE INVOLVED
Cognition:- Activities of mind associated with
knowledge Conation:-
The action of the mind implied by such words as willing, desire etc..
Affectation:-The aspect of mind associated with
emotion, feeling, mood.
TYPES OF DECISIONS
Unstructured/ Nonprogrammed
Structured/ Programmed
Semi-structured
INFORMATION REQUIREMENTS OF KEY DECISION-MAKING GROUPS IN A FIRM
THE DECISION-MAKING PROCESS
Phases of Decision Making Process Intelligence
Design
Choice
Implementation
STAGES IN DECISION MAKING
MANAGEMENT INFORMATION SYSTEMS (MIS)
MANAGEMENT INFORMATION SYSTEMS (MIS) A management information
system (MIS) provides information that organizations require to manage themselves efficiently and effectively.
MIS is set up by an organization with the prime objective to obtain management information to be used by its managers in decision-making.
MANAGEMENT INFORMATION SYSTEMS (MIS) (CONT’D)
The term is commonly used to refer to the study of how individuals, groups, and organizations evaluate, design, implement, manage, and utilize systems to generate information to improve efficiency and effectiveness of decision making
MANAGEMENT INFORMATION SYSTEMS (MIS)• Help managers monitor and
control a business
• Produce regular reports on performance, such as monthly or annual sales
• Sometimes highlight exceptional conditions
• Reports often available online
FUNCTIONS OF MANAGEMENT INFORMATION SYSTEMS (MIS) Data Capturing:- MIS captures data
from various internal and external sources of an organization
Processing of data:-The captured data is processed to convert it into the required management information.
Storage of information:-MIS stores processed or unprocessed data for future use
FUNCTIONS OF MANAGEMENT INFORMATION SYSTEMS (MIS) (CONT’D
Retrieval of information:-MIS retrieves information from its stores as and when required by various users.
Dissemination of MI:-Management information, which is a finished product of MIS, is disseminated to the users in the organization.
THANK YOU