A Study on the Analytics Tool Used in Decision Making at Small and Medium Enterprise
Published: 2015
Author(s) Name: Vivek N. Bhatt |
Author(s) Affiliation: Associate Faculty with Entrepreneurship Development Institute, Ahmadabad, Gujarat, India
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Abstract
The article focuses on the study of prevailing decision making styles of Small Scale Industrial (SSI) Units. It presents data collected from 200 SSI units from Bhavnagar – a coastal city of Gujarat, India. The objective of writing the article is to depict heuristic decision patterns of small and medium enterprises, and the rare use of analytical or statistical business intelligence tools in decision making processes. It would be interesting to study the design of decision taken on routine basis in small units, poorly equipped with technology and technical know-how. The paper is
descriptive in terms, and lays a lucid picture of present decision making processes.
Keywords: Decision Making, Smallscale Units, Analytical Tools, Statistical Tools, Business Intelligence
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