On interactive communication and decision making

Article Abstract:

Organizational decision making involves translating inputs of information to outputs of courses of action and implies that the capacity to act depends on a shared understanding among organizational members. It also suggests that within the organization and any group within the organization, there will be varied opinions on the suitable actions to take in any scenario but these differences exist within a structure of shared values and agreed procedures. It will be shown that the group decision making process is interactive and a group decision support system may facilitate it.

Business Methods, Planning & Information, Business planning, Information management, Decision-making, Group, Group decision making

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Estimating the cost of new technology products

Article Abstract:

The implementation of new technology projects usually results to budget and timescale overruns. These problems are encountered by companies developing new products because of inaccurate cost estimates and long development cycles that permit market and customer needs to change, which result additional adjustments to the manufacture of the new products. To cope with these problems, companies are advised to appreciate the capabilities and limitations of cost estimates to be able to make wiser management decisions.

Methods, New products, Product introduction, Industrial management

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Development and commercialization of a high technology component - a case study of an Indian company

Article Abstract:

An Indian company engaged in technology development was able to develop products with quality levels that are slightly below world standard. The existence of ineffective communication and varying objectives among personnel have greatly affected the efficiency of the company to produce high quality products.

Management-Productivity, Production management, High technology industry, Organizational effectiveness

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