Explaining stages involved in decision making by wallas


Answer the following questions in detail.

Question 1) Describe the different stages involved in genuine decision making as suggested by Wallas.

Question 2) Compare and contrast the characteristics of Decision Support System and Management Information System?

Question 3) How does information facilitate supply chain management?

Question 4) How the five-component framework applies to information systems supports all three levels of organization. Describe in detail.

Question 5) Describe the physical structure of MIS.

Question 6) What is the function of information in decision making? Explain the different categories of information from business information system point of view.

Question 7) What do you mean by ERP. Write down the benefits of ERP? Describe the future of ERP applications.

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