decision making and mis

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.

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