After reading this article you will learn about:- 1. Meaning of Creativity 2. Components of Creativity 3. Process 4. Climate. Meaning of Creativity: Creativity means creating something new. In the context of business, it means creation of new ideas, new method or new product/service. Creativity is the "cognitive process of developing an idea, concept, commodity, or discovery that is viewed [...]
This article throws light upon the two types of information systems needed by organisations to make decisions. The types are: 1. Management Information System (MIS) 2. Decision Support System (DSS). Type # 1. Management Information System: To carry out managerial functions for various functional areas (production, marketing etc.) and integrate them with the external environment (government, customers etc.), managers need [...]
After reading this article you will learn about the programmed and non-programmed decisions. Programmed Decisions: Decisions related to structured situations, where the problem is more or less routine and repetitive in nature are known as programmed decisions. For example, problems related to leave are solved by policy relating to leave rules. Employees who take leave according to leave rules Eire [...]