How does technology improve decision-making in management?

Challenger App

Principles of Management/

Principles of management

No.1 PSC Learning App

★

★

★

★

★

1M+ Downloads

How does technology improve decision-making in management?

ABy relying only on managers’ intuition

BBy avoiding real-time data and focusing on past records only

CThrough data analytics, business intelligence, and AI for evidence-based decisions

DBy decreasing the speed of decisions

Answer:

C. Through data analytics, business intelligence, and AI for evidence-based decisions

Read Explanation:

Technology enables faster and more accurate decisions by providing real-time dashboards, predictive models, and risk alerts that replace guesswork with data-driven insights, as used by companies like Amazon and Walmart

Read more in App

Related Questions:

What does the Contingency Approach imply about organizational design?

A standardized, optimal organizational design exists for all companies.
Organizational design should be adapted to specific contextual factors.
The external environment does not influence organizational design.
Internal factors like technology are irrelevant to design.

Which of the following is a benefit of AI in decision-making used by banks?

What is the primary statement of Henri Fayol's principle of 'Subordination of Individual Interest to General Interest'?

Lean Management primarily aims to:

How does the Contingency Approach view the role of social trends in influencing management decisions?

Social trends are irrelevant external factors for management.
Managers should consider social trends as important situational determinants.
Social trends only affect non-profit organizations.
The Contingency Approach focuses exclusively on economic factors.