Accounting Information Systems and decision-making
Introduction
Decision-making plays a major, many times crucial, role in managers’ work as they aim to make their organizations prosper. Some of the decisions are operative ones and need to be made on monthly, weekly or even daily basis. Strategic decisions, on the other hand, are made more seldom, but they may be once in a lifetime type of decisions, framing the future of the organization. Decisions also form chains, as most decisions lead to new decision-making situations in the near or more distant future (Mouritsen and Kreiner, 2016).
In order to be able to make “wise” and justified decisions, managers need something to build their decisions on: experience, ...
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