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Mis 1 Basics-1
Mis 1 Basics-1
Jyotsna Golhar
Valuable info
e.g. Driver
2
Attributes of quality of info
Timeliness – speed and time
Accuracy – Correctness
Completeness – Complete
3
Business value of Info
Timeliness : If there is time to react or not
Presentation: Resulting in DM
4
Info overload ?
5
Role of info
6
7
Info management
Dimensions of Info
Business dimensions
Technical dimensions
8
Info management activity
9
Levels of management
10
11
Top level management
Production
planning and scheduling for
new product. 13
Lower level management
Decisions
like shutting down a
machine if there is some problem.
14
15
Info and Decision making
E.g.
A person alone standing
somewhere at midnight.
16
Herbert Simon’s DM model
17
Structured Vs Unstructured
DM
Routine
, simple and easy tasks –
programmable (structured)
Boundedrationality : Rationality
bounded by limitations
18
The type of decision depends on
1. Level of programmability
2. Purpose of DM
3. Knowledge of outcome
19
The system
22
Organization as a system
23