Management Information Systems: Managing the Digital Firm (15th Edition)
15th Edition
ISBN: 9780134639710
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
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Chapter 12, Problem 17MLM
Explanation of Solution
Factors preventing managers from making good decisions:
- Decision-making is a vital element of modern management.
- A manager must take lot of important decisions in his day-to-day operations.
- Decision making is choosing the course of action from a possible list of options, that can have an impact to the business function.
- Because of this, good managers need to consider several factors before deciding a course of action.
Some of the important constraints that hinder making good decisions are as follows:
- Relevant information
- The absence of adequate and accurate data will affect the quality of decisions taken.
- Less information is as ineffective as too much information.
- Handling the data and extracting the relevant information is needed.
- Skill to handle the data, store the data from previous experiences are also needed.
- Manager’s capacity / skill
- The intelligence level of the decision maker and their ability to handle information is important factor...
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Management Information Systems: Managing the Digital Firm (15th Edition)
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