Taxonomy of a decision: ranking operational decisions within the SME

Andrew Lynch and Con Sheahan

International Journal of Decision Sciences, Risk and Management, 2009, vol. 1, issue 1/2, 126-141

Abstract: Classical biological taxonomy comprises of three distinctive processes: the identification, classification and nomenclature of a given entity. This research applies the taxonomic process to operational decisions within the SME, allowing one such decision to be rated over another. The methodology was then applied to a case study company, before and after the introduction of decision support software (DSS), for a key decision-making process within that organisation. The value of this research lies in the ability to empirically measure the effect DSS (or a training program) has on a particular operational decision.

Keywords: decision making; decisions taxonomy; small to medium-sized enterprises; SMEs; operational decisions; decision rating; decision support software; DSS. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdsrm:v:1:y:2009:i:1/2:p:126-141

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