Management information systems for risk analysis and decision making an empirical investigation

Abstract

In the introduction chapter of this research paper the complete structure of this paper has been discussed. Along with that the importance of using different MIS-related software in the MNCs for maintaining their business has also been discussed. Moreover, it has been identified that decision support systems (DSS) are interactive software-based systems which is intended to help business managers in order to make business improvement-related decisions. The Literature Review Section Is Critically Evaluating the Relationship between Data Analysis, Decision Making, and MIS software for multinational organizations. Which station is also analyzing the importance of risk analysis for making any type of decisions regarding business development. Moreover, the literature review section is also concerned with the importance of economic risk analysis along with analyzing the risk depending on the time and taking decisions regarding the time. In the research methodology section, it has been identified that the research is based on primary quantitative methods. The snowball sampling method was used in this research paper in order to include different employees from different multinational organizations. The sample size was 50 and the 50 employees belong to 5 different organizations. From the data analysis section, it has been identified that there is a significant correlation between risk analysis and the decision-making process in the multinational organization along with the use of MIS software. From the difference in mean median and mode results of different survey questions, it has also been identified that this research paper has significant questions that the employees of multinational organizations found more relatable to their experiences.