Business Information Technology

Running head: BUSINESS INFORMATION SYSTEMS
BUSINESS INFORMATION SYSTEMS
Name of the Student:
Name of the University:
Author Note:

BUSINESS INFORMATION SYSTEMS1
Executive Summary
Decision-making processes are highly essential to deal with all kinds of activities that are
linked in the field of business. Therefore, the whole report will be produced in three parts such as
introduction, discussion, and conclusion. It is mainly focused on my personal experiences and
significant decisions that are going to be quite helpful for other readers as well. There are
numerous charts available that will justify the statements and decision-making processes. In the
discussion part, all the essential aspects such as practical tools, and approaches will be discussed
along with the charts. In the conclusion part, summarizing all the aspects will be processed and
structured so that it can conclude the desirable aspects.
Table of Content

BUSINESS INFORMATION SYSTEMS2
s
Introduction......................................................................................................................................3
Discussion........................................................................................................................................6
1. Decision processes:...............................................................................................................6
2. Decision-making preferences:..............................................................................................7
3. Decision-making tools:.......................................................................................................11
a. The Rational or Classical model:....................................................................................11
b. Bounded Rationality or Administrative Man Model:..................................................11
c. Retrospective Decision making Model:..........................................................................12
4. Effects on bias and blind spots:..........................................................................................12
5. Personality Style impact:....................................................................................................12
6. Feedback and insights:........................................................................................................13
Conclusion.....................................................................................................................................14
Appendix........................................................................................................................................15

BUSINESS INFORMATION SYSTEMS3
Introduction
There is a primary purpose for utilising some essential theories, styles and approaches
that are going to be discussed in this whole report. These relevant theories have helped me to
gain more understanding so that I can channelise the decision styles appropriately. Some
essential theories have been utilised in the report, and it has been given in the chart below:
Chart A: Relevant definitions
Intuition Decision Intuition is defined as the non-sequential
mode in the process of gaining information in
the context of decision-making processes. It is
critically different from insight, and it helps in
influencing a decision through emotions.
Group Decision A group decision is defined as the situation
where a number of individuals take decision
jointly, and they may get influence through
social issues. All the decisions can be
different as it has been taken after considering
all the decisions of the individuals.
Rational Decision It is a multi-step process that helps in
choosing among all the other options. It has
been associated with objectivity, logic, and
analysis on insight and subjectivity. It does
deal with colloquial sense.