The Art of Making Decisions: Expanding common Sense & Experience
Author: Dr. Errol Wirasinghe (ISBN: 0972238700)

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Part 1: Basic Concepts


1. The Information Revolution

The Information Technology Revolution (IT) and Enterprise Resource Planning (ERP) are moving "Corporate America" into the new millennium. Companies are spending millions of dollars on IT & ERP implementations! The basic objective is to provide management with information in an organized format in the hope that they would be able to make better decisions. But one piece of this plan is still missing!

What use is all this information - if management has neither the training nor the tools to make decisions! Is management making use of the vast amount information at their disposal? Or are they simply looking at this information and reverting back to their old ways of "subjective" decision-making?
Apparently, the old clichés of "let's stick to what we know" or "business as usual" seem to prevail.

The availability of this new information demands a new approach to decision-making.

Take any book on the subject of "Decision-Making" and you will hear the same qualitative discussion of the need for - clear thinking, logical reasoning, maturity, experience, wisdom, rational judgment, etc. None has attempted to quantify this "feeling" so that we could arrive at an unambiguous hierarchical ranking of options.

The discussion that follows analyzes the subject of decision-making and provides a revolutionary way of looking at decision-making. The author also discusses a proprietary program ("XpertUS") developed exclusively for problems facing today's corporations.

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