IT in Business Decision Making

Technology makes information available to decision makers, helping to improve the quality and speed of decision making. Technology also makes it easier for people to collaborate so they can execute joint business decisions. Organizations use communication technology to update employees on business decisions and ensure the right people implement those decisions.   

As  the  role  of business information  systems  in  business decision-making  is  not  negligible,  but  on  the  other hand,  the  role  of  new technologies  in  the  decision-making  process  is  also  not  negligible,  it is  necessary  to  emphasize the positive effects  arising  from it.

New  technological  changes  enable  the  development  and  emergence  of  new tools, models, methods,  techniques and  systems  tailored  to the  requirements  of  decision-makers  and  the types of  decisions,  

1.  Increasing  success  in  decision  making, 
2.  A  greater  likelihood  of  achieving  positive  outcomes  of  decision-making,
3.  The  ability  to  use stored  data  and  information, 
4.  Easier  access  to  reports,
5.  The  possibility  of  feedback from  decisionmakers,
6.  Research  the  possible  consequences  of  the  available  decisions. 

Given  that,  as  a  decision  making  support,  uses new  technology,  and  if  necessary,  the  network access,  we  also  must take  into  account the  possible  IT  risks  resulting  from  the  intensive  use of business  information  systems  and  technologies  as important support  to  improve  their  business  processes  and  business  in  general.

These  risks are related  to  the  dangers  and  threats  that  intensive use  of  business information  systems may result  in unintended  and  unexpected  consequences  and possible  financial  and  other  damage  within  the organization  as  well  as  its  immediate  and  wider environment.  On  the  other  hand,  if  the  application of  new  technologies  is  related  to  private  decision making,  IT  risks  must  be  taken  into  account  because,  due  to  the  application  of  new  technologies of  network  access,  these  are  also  present  in  the decision-making process.

 

Managerial Skills

Managerial skills are the knowledge and ability of the individuals in a managerial position to fulfill some specific management activities or tasks. When we talk about managerial skills, we talk about the skills of a manager to maintain high efficiency in the way how his or her employees complete their everyday working tasks. Because of that, managers will need skills that will help them to manage people and technology to ensure an effective and efficient realization of their working duties.  

Robert Katz identifies three types of skills that are essential for a successful management process:

1. Technical skills,
2. Conceptual skills and
3. Human or interpersonal management skills           

1. Technical Skills 

As the name of these skills tells us, they give the manager’s knowledge and ability to use different techniques to achieve what they want to achieve. Technical skills are not related only for machines, production tools or other equipment, but also they are skills that will be required to increase sales, design different types of products and services, market the products and services, etc.

For example, let’s take an individual who works in the sales department and has highly developed sales skills achieved through education and experience in his department or the same departments in different organizations. Because of these skills that he possesses, this person can be a perfect solution to become a sales manager. This is the best solution because he has excellent technical skills related to the sales department.      

These skills will enable managers to become leaders and motivate employees for better accomplishments. Also, they will help them to make more effective use of human potential in the company. Simply, they are the essential skills for managers.

2. Conceptual Skills         

Conceptual skills present knowledge or ability of a manager for more abstract thinking. That means he can easily see the whole through analysis and diagnosis of different states. In such a way they can predict the future of the business or department as a whole.         

3. Interpersonal Skill     

Human or interpersonal management skills present a manager’s knowledge and ability to work with people. One of the most critical management tasks is to work with people. Without people, there will not be a need for the existence of management and managers.

Managerial Role

According to Henery Mentberg     

1. Interpersonal Roles

A. Figurehead – includes symbolic duties which are legal or social in nature.

B. Leader – includes all aspects of being a good leader. This involves building a team, coaching the members, motivating them, and developing strong relationships.

C. Liaison – includes developing and maintaining a network outside the office for information and assistance.

2. Informational Roles

A. Monitor – includes seeking information regarding the issues that are affecting the organization. Also, this includes internal as well as external information.

B. Disseminator – On receiving any important information from internal or external sources, the same needs to be disseminated or transmitted within the organization.

C. Spokesperson – includes representing the organization and providing information about the organization to outsiders.

3. Decisional Roles

A. Entrepreneur – involves all aspects associated with acting as an initiator, designer, and also an encourager of innovation and change.

B. Disturbance handler – taking corrective action when the organization faces unexpected difficulties which are important in nature.

C. Resource Allocator – being responsible for the optimum allocation of resources like time, equipment, funds, and also human resources, etc.

D. Negotiator – includes representing the organization in negotiations which affect the manager’s scope of responsibility.

मेरो छिमेकी

मेरो एउटा छिमेकी, उसलाई हाँसेको निकै सुहाउँछ, 

तर उ जहिले रिसाउँछ,

अरुसंग भएको रिस पनि मलाई देख्दैमा मिसाउँछ ।।

म सम्बन्ध तताउन खोज्छु, 

उ पानी पोख्दै चिसाउँछ ।

बहाना बनाएको हुन्छु उ संग नजिक हुन, 

उ सम्बन्ध विचमा तगारो तेर्साउँछ ।।

साँढे झैं हेर्छ गोरू आँखे,

गोरो अनुहार जहिले कालो दर्शाउँछ ।

कति हेर्नु झैं बनाउँछ त्यै अमिलिएको अनुहार,

क्षण भर मै बसाइँ सरुँ झैं नजरका तिर बर्साउँछ ।।

मेरो एउटा छिमेकी, उसलाई हाँसेको निकै सुहाउँछ ।।।।।