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Rehan Mis1

The document discusses the need for information in business decision making. It covers sources of information, attributes of useful information, and the role of information systems in organizations. The document also introduces concepts like decision making models, the system development lifecycle, and decision support systems.

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arif jan
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24 views3 pages

Rehan Mis1

The document discusses the need for information in business decision making. It covers sources of information, attributes of useful information, and the role of information systems in organizations. The document also introduces concepts like decision making models, the system development lifecycle, and decision support systems.

Uploaded by

arif jan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Need for information

1. Business require decisions


2. Decisions require information
3. Nature of information varies with the nature of business and decisions
4. Planning for business requires information at regular intervals

Sources of information

1. Newspapers
2. Electronic media
3. Internet
4. Other sources

Information and decisions making

1. Correctness of information is important for decision making

2. Decision related to products customers, employees etc., are also affected by the availability

Of the relevant information

Attributes of information

1. Easy availability

2. Timelines

3. relevant to decision at hand

4. Related to current business needs

Introduction

1. Role of information in organization

*.what is organization, types, structures, cultures, management style, information flows and networks

Introduction to information system

1. What are system?

A system is a group of elements that are integrated with the common purpose of achieving an objective

2. What are information system?

Interrelated components working together to collet, process, store and disseminate information

Introduction to Information management and decision making

Introduction to decision making

Individual models of decisions making

Organizational models of decisions making


Ethical and social issues

Responsibility and accountability

Privacy and freedom

Quality of information system

*Tools and techniques for system analysis and design

Flowcharts, documenting decision rules, structured analysis, structured design

*system analysis and design

System development lifecycle

Structured framework used to develop information system

*Decision support system

Definition: the system that attempts to automat several task in a decision making process.

Relevant concepts

Group decision making tools

*Controlling information

System control

Auditing information system


What is organization

A structure through which individuals cooperate systematically to conduct business. It is a collection of

People working under predefined rules and regulations to obtain a set of objectives.

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