ITM 100 Chapter Notes - Chapter 12: Organizational Ecology, Information Quality, Making Money

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Debashish Roy

Document Summary

Solutions: use improved statistical analysis to identify affordable, overlooked players. Demonstrates the use of business intelligence to optimize performance and keep costs low. Illustrates how information systems can provide advantages for a limited time. Decision making and information systems: types of decisions, the decision-making process, managers and decision making in the real world, managerial roles, real-world decision making. The decision-making process: intelligence, discovering, identifying, and understanding the problems occurring in the organization, design. Identifying and exploring solutions to the problem: choice, choosing among solution alternatives, implementation, making chosen alternative work and monitoring how well solution is working. Managers and decision making in the real world: managerial roles, classical model of management, behavioural models of management, three categories of managerial roles. High-velocity automated decision making: made possible through computer algorithms precisely defining steps for a highly- structured decision, humans taken out of decision, for example: high-speed computer trading programs.