|Date:||November 12, 2013|
|Length:||88 / 26116|
|No of views:||0|
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Planning, for example, involves deciding what should be done? When? How? Where? and By whom? Other managerial functions, such as organizing, implementing, and controlling rely heavily on decision-making.
Today's fast changing and global environment dictates that a successful enterprise has a rich decision-making process...
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This means not only gathering and processing data, but also making decisions with the support of state-of-the-art decision methods. Decision-making is the very foundation of an enterprise, and sound decision-making is absolutely necessary for gaining and maintaining a competitive advantage.
In many enterprises the decision process entails great time and effort in gathering and analyzing information...
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