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Management and Organisations: the Affect of Information Technology on the Decision Making Process

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Submitted By firebirdx5
Words 2918
Pages 12
MGMT1136 Shyaam Patel
Word Count: 2715
Student Number: 21057393

Introduction
Information Technology found its roots in business during the late 20th century and has grown to become an integral and dominant aspect of almost all organisations in the 21st century. Technology itself has fuelled this growth due to the creation of the internet in the late 1980s, leading to information becoming both readily available and easily accessible in a way in which it has never been before. This access to information has enabled people to create systems and information networks within organisations that enhance intellectual capital and efficiency, productivity, and storage and communication of information. Xero™, for example, is a software company which offers financial, accounting, and inventory management packages which automate and generate financial reports as well as various other functions. The creation of these types of systems has had a profound impact on the decision making process within the contemporary dynamic workplace. As stated in Stata, R, 1989, “The new information system is helping managers on both sides to understand their business better and to make better decisions”
This wave of new information technology brings new responsibilities and skill requirements for employees as well as presenting novel challenges and opportunities for organisations. With automation of many traditional roles, employees may find themselves either redundant or in need of retraining to deal with the influx of new technology. Modern managers are put in situations in which they must make ethically difficult and challenging decisions. In this instance this essay will look at the decision making process used to evaluate whether new information technology should be invested in, and in this circumstance whether the employee whose job will be made

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