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Critical analysis for chapter 2: Decision and processes for value driven business

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Assignment

Total Words: 543

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Document Outline

Introduction:

Overview of the text

Decision making process and types:


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Introduction:

            Chapter explains decision-making process with the help of management information system. Value driven business model is elaborated and further explored that value chain process in the business is facilitated by management information system. Process of business decision-making, its measurement, information required and role management information system is discussed. Moreover, evaluation of business processes, its improvement, and re-engineering and business process management is discussed.

Overview of the text:

            Critical analysis shed light on various aspects of the text provided in the chapter. Interrelation between the cons pets were evaluated in the analysis and ensured that whether literature provide sufficient  understanding regarding business decision making and delivery of value facilitated by management information system.  There were no methodological issues in the chapter. There was no scientific investigation made in the chapter. Moreover, conclusion was developed based on critical analysis and it was ensured that whether the text provides sufficient understanding of the topic and the knowledge contribute in the study.

Evaluation:

Decision making process and types:

            Author has well explained managerial level decision-making challenges. Concept is also elaborated with graphical presentation. The thing, which lacks is decision making process and role management information system, which facilitate decision-making. Similarly, different types of decision-making are also provided. However, it could have been better if role of various decision making with respect to decision-making process and management information system.

Strategic decision-making and measurement:

            Strategic decision-making and measurement metrics are explained. Strategic decision-making is essential for organizations to achieve competitive advantages and metrics enables the management to measure strategic value in quantifiable form. Information, which is missing is the process of making strategic decision-making and the techniques, which are utilized to quantify value. Moreover, it is also necessary to assess the role of management information system to deliver adequate information for strategic decision-making process


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