There is no exception about that. As most executives know, IT initiatives can multiply quickly. Decision making in business is very important that deals with the decisions that are made on behalf of the organization. The former approach restricts the flexibility of business units; the latter is expensive and limits business synergies. But in fact the problems generally occurred because senior executives failed to realize that adopting the systems posed a business—not just a technological—challenge. When IT executives are left to make decisions about what will and will not be centralized and standardized, they typically take one of two approaches. Many IT units will adopt a philosophy that absolute security is its responsibility and will simply deny access anytime it cannot be provided safely. As most executives know, IT initiatives can … IT spending can be designed to meet immediate needs and allow for an array of future benefits only if IT and business goals are clearly defined. The machine was amazing. Technicians in white lab coats were busy turning knobs, and a large vacuum tube display indicated the increasing power output. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible … A decision can be defined as a course of action purposely chosen from a set of alternatives to achieve or… This is a fairly compelling justification for ensuring that computers will continue to run despite floods, tornadoes, power outages, and telecommunications breakdowns, regardless of the cost. Around the reactor core the bluish glow of the Cherenkov radiation outlined the deep underwater structure. Or they may be central to a company’s strategy: for example, supporting a seamless global supply chain, flawless customer service, or leading-edge research and development. Top executives often feel uncomfortable making hard choices about information technology. Indeed, outsourcing once appeared to be a simple solution to management frustrations, and senior management teams at many companies negotiated contracts with large service providers to run their entire IT functions. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it. Decision-making is a daily activity for any human being. Deploy fast, get results fast. Not surprisingly, other problems arose because senior managers, in choosing to outsource the IT function, were also outsourcing responsibility for one or more of the crucial decisions they should have been making themselves. Identify the alternatives. -- While delaying the decision is an option, understand the associated costs and risks. Effective and successful decisions result in profits, while unsuccessful ones cause losses. First they determine the strategic role that IT will play in the organization, and only then do they establish a companywide funding level that will enable technology to fulfill that objective. The company periodically reviews its backup capability and in the past few years has been able to reduce its risk even more as technologies become more affordable. Deploying the LMR posed significant technological challenges, but the greater challenges were organizational: The system required physicians to spend precious time on data entry using a tool that was far from perfect in its early versions. In modern Western societies the most common understanding of decision making is that it is rational—self-interested, purposeful, and efficient. A past bad decision isn't a good reason for the next one. 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