Justify recommendation for the improvement of information and knowledge needed for above decision making.
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Expert's answer
2015-06-12T00:00:41-0400
Knowledge based decision making in management is the process of using organizational knowledge management to support strategic decision making in gaining competitive advantages. A knowledge-oriented view of decisions and decision making is introduced, as a complement to classical perspectives and as a contribution of understanding computer-based possibilities for relaxing strains on decision makers. This perspective includes a model of knowledge management activities performed by a decision maker and a taxonomy of knowledge types. It leads to a characterization of decision-support system purpose, traits, and potentials that offers a basis for new research into computer-based possibilities for knowledge management.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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