The document discusses decision making and management information systems. It defines decision making as developing concepts that lead to selecting a course of action from various options. A management information system provides organizations with information to manage themselves efficiently by generating management information for decision makers. It captures, processes, stores, retrieves, and disseminates data and management information to improve decision making and business performance.

1. Prepared By :Aditya Pareek
MBA 1st Year

2.  The
word decision has been derived from the
latin word ‘decidere’ which means cutting
away or cutting off,
A
decision involve a cut of alternative
between those that are desirable and those
are non desirable

3.  Decision
making is the developing concepts
leading to the selection of a course of action
among variations. Every decision making
process produces a final choice
 It can be an action or an opinion. It begins
when we need to do something but we do
not know what
 e.g. Decision to raise a Purchase Order

4. Cognition:Activities of mind associated with
knowledge
 Conation:The action of the mind implied by such
words as willing, desire etc..
 Affectation:The aspect of mind associated with
emotion, feeling, mood.


5.  Unstructured/
 Structured/
Nonprogrammed
Programmed
 Semi-structured

7. Phases of Decision Making Process
 Intelligence
 Design
 Choice
 Implementation

10. A
management information system (MIS)
provides information that organizations
require to manage themselves efficiently and
effectively.
 MIS
is set up by an organization with the
prime objective to obtain management
information to be used by its managers in
decision-making.

11.  The
term is commonly used to refer to the
study of how individuals, groups, and
organizations evaluate, design, implement,
manage, and utilize systems to generate
information to improve efficiency and
effectiveness of decision making

12. •
Help managers monitor and control a
business
•
Produce regular reports on
performance, such as monthly or annual
sales
•
Sometimes highlight exceptional
conditions
•
Reports often available online

13.  Data
Capturing:- MIS captures data from
various internal and external sources of an
organization
 Processing of data:-The captured data is
processed to convert it into the required
management information.
 Storage of information:-MIS stores processed
or unprocessed data for future use

14.  Retrieval
of information:-MIS retrieves
information from its stores as and when
required by various users.
 Dissemination
of MI:-Management
information, which is a finished product of
MIS, is disseminated to the users in the
organization.