Decision-making process Essay Example | Topics and Well Written Essays - 1750 words

Decision-making process - Essay Example In an indeterminate world, the role of decision support systems. Processing, and/or applying information and knowledge involves â€Å"Decision making† and depending on the characteristics of the decision making context, is appropriate and absolute information/knowledge mix. Central to decision making situations involving complexity and uncertainty is information or the absence of it, associated with problems of ambiguity and equivocal is knowledge or the absence of it. Appropriate to support decision making under conditions of uncertainty and complexity is computer-based decision support technologies as proposed by this paper, while under conditions of ambiguity or equivocal the more appropriate approach will be human-centric. For organizational learning to occur, both approaches must be integrated tightly. On the one hand occupying a middle ground between the study of organizations as command hierarchies is network theories of organization and on the other, portraying organizations as atomized rational decision-makers optimizing utility, is market theories. It is as a matter of fact also related to governance theory as well as systems theory they both lay emphasis on the study of networks. In network theory, there is renewed interest obviously because networking is promoted by information technology, it ranges from the personal networking of MySpace to corporate networking in order to achieve and enhance competitive advantage that governmental will derive in networking of states on policy issues to global networking through international organizations.