How can information and communication technologies (ICT) improve decisions of renewal of products and services and quest and selection of new suppliers?

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Abstract


Bounded rationality in managerial decisions is one of
the most recognized issues in management science.
After discussing the issues of bounded rationality, the way in which ICTs (Information and Communication Technologies) can enhance the effectiveness in the decisions related to the renewal of products and services and the quest and selection of new suppliers is analyzed. It is argued that the use of ICTs mitigates
some of the limitations that are present in this type of managerial decisions.
Keywords Information and Communication Tecnnologies (ICT), Decision Making, Bounded Rationality
Original languageEnglish (US)
Pages (from-to)28-33
Number of pages6
JournalEspacios
Volume38
Issue number39
StatePublished - Aug 28 2017

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