Management and decision making in business PDF

Running head: MANAGEMENT AND DECISION MAKING IN BUSINESS
MANAGEMENT AND DECISION MAKING IN BUSINESS
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1MANAGEMENT AND DECISION MAKING IN BUSINESS
Introduction
The discussion will be aiming at understanding the needs of decision making
organizational frameworks. The different decisions that are undertaken by the organization
depend on the assessment of the different issues that are faced by the same, which has restricted
the smooth functioning as per the objectives.
Answer to Question: 1
Management process will be effective with the ample and adequate source of
information. This is due to the reason that the more will be the diverse sources of information,
the more will be the opportunities for the managers for analysis. According to Nazareth and Choi
(2015), analytical competencies are important for the managers in gaining advantages in the
management. This is due to the reason that in the case of Amazon’s Kindle edition, it is the
responsibility of the managers to identify the different trends and major business factors for the
organization and determining the organizational vision. Thus, in order to have this analytical
competency for the managers, they will require flow of information based on which the
managers will gain understanding and knowledge. Thus, as per the authors, information plays an
important role in enhancing the effectiveness of the management process and it will also help
Amazon’s Kindle edition in having their strategies according to the future scenario.
On the other hand, it is stated by Braglia and Frosolini (2014) that management
information system is one of the major trends being followed in the recent time in the
management process. This refers to the process of organizing the database of information in the
organization, which further helps the managers in having accurately programmed data in place
for different organizational requirements. In this case also, the authors have stated that

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information plays an important role in enhancing the effectiveness and efficiency of the
management information system in Amazon’s Kindle edition. This is due to the fact that the
more will be the source of information; the more analysis can be done with the help of the
system. In addition, Petter, DeLone and McLean (2013) stated that information also determines
the quality and relevancy of the entire process of management information system. This is due to
the reason that more will be the access to the diverse information, the more will the analytical
competencies of the system. Managers can have the access to more high quality analysis and
outcome from the whole process.
According to Kwon, Lee and Shin (2014), there is a difference between the data and
information. This is due to the fact that data refers to the raw facts and figures, which is having
no benefits for the managers. On the other hand, information refers to more filtered facts, which
helps the managers in their decision making process. As per the authors, it is important for the
managers to have their facts and figures properly organized and filtered in order to have
maximum utility from the available resources. It is also to be noted that information helps the
managers in further segregating them for having more relevant outcome from the information
system. This will further helps the managers to have more effectiveness in their decision making
process by having the access to larger sources of information.
On the other hand, it should also be noted that in the recent time, information technology
is posing the challenge to traditional approach information management system. This is due to
the reason that emergence of information technology is changing more rapidly and frequently
than ever and it is causing issues for the managers in coping up. According to Bloom et al.,
(2014), information technology is having both negative and positive impacts in the management
process. One of the major downsides for the initiation of the informational technology is

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compatibility. This is due to the reason that information technology is having the requirement for
improved infrastructure, which will cause Amazon’s Kindle edition in incurring added cost. In
addition, with the rapid development in the technological sector, it is becoming for complex for
them in coping up with the change and rapidly improves and upgrades their infrastructure.
On the other hand, it is stated by Hu and Kapucu (2016) that information technology is
also having advantages for the organizations with one of the major advantages is the effective
communication process. This is due to the reason that with the help of the information
technology, all the internal stakeholders will be able to indulge in effective communication
process and generate information in larger basis. It is also being stated by the authors that the
more effective will be the communication process, the more will be the involvement of the
stakeholders in management process and the more will be the probability of emerging new
information. Thus it can be concluded that information technology can also help Amazon’s
Kindle edition in enhancing their existing management process along with a few disadvantages,
which will cause added cost for them. However, it should also be concluded that information is
the basic part or factor in the entire management process.
Answer to Question: 2
Managers are having a number of responsibilities to be looked after. In addition, in the
recent time, it is identified that the roles and responsibilities of managers are rapidly increasing
and covering much diverse areas. According to Hesse et al., (2015), one of the major
responsibilities expected from the contemporary managers is problem solving capability. This is
due to the reason that in the current business scenario, managers should have the problem solving
skills in order to overcome the different barriers and issues in the current business situations. The