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Creating a Reasonable Basis for Evaluation: a Cybernetic Approach for the Development of a Methodology to Identify the Value Proposition of Enterprise IT


Affiliations
1 RWTH Aachen University, Germany
     

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The concept of value creation is essential for the analysis of human decision-making. Basically, whatever we do is based on subconscious decision processes, which are based on available information. If there are inadequate or insufficient information it is hard to decide what to do and a mandatory decision is mostly more a game of luck. Based on a cybernetic structural model of value creation a methodology is proposed to overcome the problem of insufficient information in a decision process. The approach is motivated by the problem of identifying the value proposition of Enterprise IT in order to make an investment decision.

Keywords

Decision-Making, Value Proposition, IT Management, Cybernetics.
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  • Creating a Reasonable Basis for Evaluation: a Cybernetic Approach for the Development of a Methodology to Identify the Value Proposition of Enterprise IT

Abstract Views: 184  |  PDF Views: 0

Authors

Wolters Philipp
RWTH Aachen University, Germany
Tarnacki Katharina
RWTH Aachen University, Germany
Hauck Eckart
RWTH Aachen University, Germany
Jeschke Sabina
RWTH Aachen University, Germany

Abstract


The concept of value creation is essential for the analysis of human decision-making. Basically, whatever we do is based on subconscious decision processes, which are based on available information. If there are inadequate or insufficient information it is hard to decide what to do and a mandatory decision is mostly more a game of luck. Based on a cybernetic structural model of value creation a methodology is proposed to overcome the problem of insufficient information in a decision process. The approach is motivated by the problem of identifying the value proposition of Enterprise IT in order to make an investment decision.

Keywords


Decision-Making, Value Proposition, IT Management, Cybernetics.

References