This paper presents a proposal for a new Peer Review Standard using a no-hierarchical DIKW Pyramid -PRS- based on a new and ‘General Cognitive Model of Wisdom’ -GCMW- . This GCMW framework aims -as an insight generator or strategic foresight- to provide a better assessment to different problems in any field of science, from information science, applied researchers or a more general audience as per example, to point out the theoretical and conceptual bases for the interaction between the project manager and this GCMW framework. Based on the GCMW framework, we are proposing a theoretical participatory action research framework based on the PRS aiming at to build a comprehensive and in-depth evaluation of the quality of any scientific production i.e., a standardized proposal for peer review process aiming at paper quality assessment. The PRS framework should provide -for any paper-, a better assessment and insight generator. As we are admitting that any paper published has quality; the proposal is: the quality of this paper is complete if -and only if- the paper has wisdom -W-. Both, the PRS and the new particular DIKW instruments definitions are necessary and sufficient conditions for guaranteeing -guiding- if the paper -which is in evaluation-, has W -wisdom criterion-: The ultimate quality indicator of a paper.
Information Quality: Definitions, Measurement, Dimensions, and Relationship with Decision Making (Published)
Quality data is inevitably an important pre-requisite for managerial decision-making, especially when the decisions made can have far-reaching consequences for the organization. Hence, scrutinizing the information obtained and demanding that the information meets certain features are paramount to achieving sustainable organizational performance. The present paper provides a roadmap on the definition of Quality Data, its dimensions and relationship with decision making effectiveness.
Good Leadership, Planning and Decision-Making Is A Panacea to Improved Productivity of Workers (Published)
The study ascertains that good leadership, planning and decision making is a panacea to improved productivity of workers. Four research questions were formulated to guide the study. Using a simple random sampling techniques, 100 workers were selected to form the sample size of the study. Data gathered through questionnaires was analyzed using mean scores. The findings of the study revealed that organizations that have good leadership, planning and decision-making processes, make available the right tools for work performance, record and acknowledged the improved productivity of workers. Based on the findings of this study, the following recommendations were made: Having discussed the findings of the study, the following recommendations are made. Organizations and other employers of labour who have not created enabling working environment should create one in other to enhance productivity. The job situation must be good/clearly communicated and merits must be fairly compensated. Employers should develop a family kind of relationship within and among their workers so that they can get the best out of the workers. Provide proper motivation that would leads to better working habits and increased productivity. In conclusion, organizations that set relevant goals and objectives should communicate same to the workers in clear terms, and provide modern technologies for job performance to achieve maximum productivity.
The Impact of Motivation on Employee Performances: A Case Study of Karmasangsthan Bank Limited, Bangladesh. (Published)
Employees are the heart of any organization. For any organization to operate smoothly and without any interruption, employee cooperation cannot be replaced with anything else. It is of utmost importance that the employees of an organization not only have a good relationship with the top management, but also they maintain a healthy and professional relationship with their coworkers. The following study is a self-conducted research on how motivational tools impact the performance of employee for betterment. The study also focused on de-motivation factors affecting employee performance negatively. A sample of individuals was selected and was interviewed with a self-administrated questionnaire to obtain primary data. The data was analyzed using descriptive statistical analysis methods. The results obtained indicate that if employees are positively motivated, it improves both their effectiveness and efficiency drastically for achieving organizational goals.
Cooperatives, in order to vie with private business rivals need to offer innovative products and services to its members at competitive terms. This calls for brainstorming, a meticulous approach prior to decision making at the General Assembly, involving a selective few from the general body, board of management, functional managers, and employees.This approach leads to an array of numerous assimilation of worthy innovative ideas to be presented at the General Body, so that one best alternative could be approved by the General Assembly. The methodology employed for this review is qualitative. The application of brainstorming in the decision making of cooperatives has been holistically made explicable by reviewing a wide array of pertinent archival records in the form of leading published books. Analysis is based on specific textual theoretical perspectives, as it outweighs the risk of irrelevant remarks.
The Effect Of Quality Of Business Intelligence System On Quality Of Decision Making (Survey On Financial Institutions In Medan City – North Sumatera) (Published)
This study aims to examine the effect of quality of business intelligence systems on quality of decision making at financial institutions in Medan City, North Sumatra. Survey conducted on 54 operational managers to gather information and to test the hypothesis of a study. Data was collected using questionnaires. The data analyzed with simple regression analysis, while hypothesis testing used was t–test. Results of this study shown that quality of business intelligence system have significant effects on the quality of decision making.
The purpose of this paper is to present the current situation in Albania, regarding women’s representation in public administration, in front of European integration challenge. Women’s representation in public administration is analyzed in this paper, with special focus at senior management position as well as in decision-making bodies, compared with the standards of gender quota in Albania and European Union countries. This analysis is based on secondary data; reports or other studies which are processed and analyzed through the statistical comparison. The methodology used is the descriptive and comparative one. There are different findings regarding the different levels of public administration. Women’s representation at low and middle level of public administration, marks significant achievements, exceeded national and European gender quota standards, while at senior management level and decision making bodies it is still in critical level.
THE EFFECT OF USING ACCOUNTING INFORMATION SYSTEMS TO IMPROVE THE VALUE CHAIN IN BUSINESS ORGANIZATIONS – EMPIRICAL STUDY (Published)
The study aims to introduce the conceptual framework of the value chain as an analytical method for business organizations, and the analysis of the role of accounting information systems and the effect of their use in improving the value chain of the business organizations. The two researchers developed a study tool (questionnaire) based on the theoretical framework and previous studies. 64 questionnaires have been distributed to a sample of the study population, which consists of employees in the finance department of public shareholding industrial companies in the Kingdom of Bahrain. 50 questionnaires have been adopted and 14 were excluded due to their incompatibility with the analysis. Using the appropriate statistical analysis tools for the study data (arithmetic mean, standard deviation, and testing of T-test One Sample) the researchers found a deficiency in the level of the availability of the basic components of accounting systems and the level of the quality of accounting information required to improve the value chain of business organizations in public shareholding industrial companies in the Kingdom of Bahrain in general. According to the results of the analysis the researchers recommended the need to work on improving the level of the basic components of accounting systems to improve the quality of accounting information, in order to improve the value chain of public shareholding industrial companies in the Kingdom of Bahrain; specifically in regards to the existence of clear and specific work procedures in the accounting system, the level of the effectiveness of internal control measures, clear definition of responsibilities and authority, and management’s attention in training and continuing education programs for employees.
The role of Accounting Information Systems (A.I.S.) in rationalized Administrative Decision- making (field study) Jordanian banks (Review Completed - Accepted)
The study aims to demonstrate the role of Accounting Information Systems in rationalized Administrative Decision- making (field study). For this purpose, a case study has been applied on Jordanian banks i.e., the study problem is the lack to capture high development of the technology and necessity responding to the Accounting Information Systems for them. Since the existence of good Information Systems will produce unique Information that helps the management on decision-making processes. This research aims at identifying the role of Accounting Information Systems in rationalized Administrative Decision making (field study) ,applied on Jordanian banks i.e., (Jordan Islamic Bank, Islamic International Arab Bank, the Housing Bank for Trade and Finance).The total number of the employees constitutes the three banks, the study population. The questionnaires were distributed among a random sample of (250) employees, (210) questionnaires were retrieved, i.e. (88 %) of the total number of questionnaires distributed. (205) were subjected to the statistical analysis, i.e. 97 % of the questionnaires retrieved .The researcher used the descriptive and analytical methodology, questionnaire has been designed for this purpose, and SPSS (version 19) has been used in the analysis. The main results are; the availability of the required properties in the accounting information that is reliable in the rationalization of administrative decision-making process. Accounting information is used by employees in the rationalization of administrative decision-making. Accounting information systems play a major role in the rationalization of administrative decision-making, there is no difference in the attitudes of the respondents towards rationalization of administrative decision-making due to sex, marital status, age and qualification .There is a difference in the attitude of the respondents towards rationalization of administrative decision-making due to the variable experience. As result, the study concluded the following recommendations: Effective use of accounting information systems in the administrative decision-making, highlighting the role of information systems in the activation of accounting control procedures and settings ,the development of tools, hardware and software that used in the operation of the accounting system, expand the use of accounting information in the planning of marketing operations and formation of future sales ‘polices, increase attention to the accounting information that can help to make analytical comparisons and predictions for the future.
HRIS AS A TOOL FOR EFFECTIVE DECISION MAKING IN SELECT SOFTWARE COMPANIES IN BANGALORE, KARNATAKA, INDIA (Published)
21st century is acknowledged for its information outburst, technological innovation and also for transmission of such information through Human Resource Information System for successful functioning of organizations. HRIS facilitates retrieval of information quickly and accurately which allows quick analysis of HR issues and gives good information for decision makers. HRIS acts as an effective tool for managers to take effective decisions. With this background, an attempt has been made to assess the impact of human resource information systems usage on decision making process in the select software companies. For the purpose of the study 50 companies were selected based on purposive sampling method through a structured questionnaire administered. The sample included 350 IT professionals from different designations. Statistical tools like descriptive statistics, ANOVA and t-test have been used. The IT professionals and their designations have been considered as independent variables while the decision making process has been treated as dependent variable. The results of this research would help software companies to better understand the usage of HRIS to facilitate the decision making process in their organizations and also would help to identify how the decisions are taken by the employees with the help of HRIS.
Reliance on Published Financial Statements and Investment Decision Making in the Nigeria Banking Sector (Published)
Financial Reporting Standards and Practices have in the recent past come under great criticisms, demanding that accountants take further steps in ensuring that the true and fair view of the actual worth of business are also incorporated in the financial statements published by them. This was triggered off by an unpresedented line up of corporate failures like that of Enron Corporation, World.com and others coupled with the emergence of the global economic crisis. In Nigeria also, corporate failures and distresses have been witnessed in the banking sector. Evidence was the huge collapse of the Cooperative and Commerce Bank (CCB), Orient Bank of Nigeria, African Continental Bank (ACB) all due to massive accounting related frauds. This problem resulted in the establishment of Asset Management Company of Nigeria (AMCON) to prevent corporate failures particularly in the Nigeria banking sector by acquiring and financially distress companies. This paper is a critical investigation on the degree of reliance of the published financial statements by corporate investors. The study employed survey research design by which data were generated by means of questionnaire administered on one hundred and fifty corporate investors and senior management officials of the selected banks. The descriptive statistics and percentage analysis were used for the data analysis and the hypotheses were tested using t-test statistic. The statistical package for social sciences (SPSS) software version 17.0 was employed in the analysis of data and test of hypotheses. The results reveal that one of the primary responsibility of management to the investors is to give a standardized financial statement evaluated and authenticated by a qualified auditor or financial experts (tcal (16.59) > tcritical (2.353). p < 0.05). It also showed investors do understand the financial statement well before investment decision (tcal (17.306) > tcritical (2.353). p < 0.05). The results of the analysis also indicated that investors depend heavily on the credibility of auditors/financial expert approval of financial statement in making investment decisions (tcal (4.592) > tcritical (2.353). p < 0.05) and as such published financial statement is very important in the investors’ decision making (tcal 74.500 > tcritical 6.314; p < 0.05). It hereby recommended that adequate care and due diligence should be maintained in preparing financial statements to avoid faulty investment decisions which could lead to loss of funds and possible litigations