Contemporary Business Environment and Necessity of Decision Support

In the realm of global business, complications have increased manifold. If we rely on human agency only for the purpose of corporate and organizational decision making, the requirements of modern business cannot be fulfilled and the challenges posed by a global market cannot be countered effectively. Even if we use a single machine or device or any sort of business software, we run in the risk of incomplete analysis and draw erroneous conclusions. These sorts of issues have been faced aplenty in the high level ministerial and governmental establishments like military, research organizations, etc. throughout the late 20th century. It is important that the business world takes lessons from such experiences and comprehend the most critical aspects of decision support in the context of research, development, and operations.

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