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What is Decision-Making Process

Chapter 1
Generating Entrepreneurial Ideas With AI
A cognitive process resulting in the selection of a belief or a course of action among several possible alternatives. In business, this often involves strategies and tools to make the most effective decisions.
Published in Chapter:
Harnessing AI for Entrepreneurial Idea Generation: Navigating the New Frontier
Mohamad Zreik (Sun Yat-sen University, China)
Copyright: © 2024 |Pages: 18
DOI: 10.4018/979-8-3693-3498-0.ch001
Abstract
This chapter examines the integration of artificial intelligence (AI) in entrepreneurial idea generation, highlighting a shift due to advanced AI. It explores AI's role in augmenting human creativity and transforming entrepreneurial methods. The analysis covers AI algorithms' ability to identify market trends, predict consumer needs, and provide insights, improving the ideation process. Ethical issues, such as data privacy, bias, and effects on human creativity, are discussed. Case studies demonstrate entrepreneurs using AI for innovative ideas and ventures. The chapter concludes by predicting AI's future in entrepreneurship, underlining its influence on business innovation and potential to equalize opportunities in diverse sectors.
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Chapter 100
Unambiguous Goal Seeking Through Mathematical Modeling
Decision-making process is the process of developing a general problem understanding, formulating the problem explicitly, evaluating alternatives systematically, and implementing the choice.
Published in Chapter: Unambiguous Goal Seeking Through Mathematical Modeling; From: Encyclopedia of Decision Making and Decision Support Technologies
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Chapter 4
E-WOM as a New Paradigm in the Consumer Decision-Making Process
The basic decision process used by consumers to make a purchase or not.
Published in Chapter: E-WOM as a New Paradigm in the Consumer Decision-Making Process; From: Managing Diversity, Innovation, and Infrastructure in Digital Business
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Chapter 18
Intuition in Decision-Making on the Example of a Non-Profit Organization
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Chapter 24
Cluster Analysis as a Decision-Making Tool
A process to provide intelligent and smart decisions.
Published in Chapter: Cluster Analysis as a Decision-Making Tool; From: Encyclopedia of Data Science and Machine Learning
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Chapter 10
Fuzzy Logic in Portfolio Selection: Selected Applications
Cognitive process in which a person needs to make a decision when comparing alternatives based on (often conflicting many) criteria.
Published in Chapter: Fuzzy Logic in Portfolio Selection: Selected Applications; From: Handbook of Research on Applied AI for International Business and Marketing Applications
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Chapter 2
A Renewable Energy Assessment Method by Parametric and Non-Parametric Models' Data Analysis
The process that in case of a need, choosing the most suitable one from the available options in order to meet this need.
Published in Chapter: A Renewable Energy Assessment Method by Parametric and Non-Parametric Models' Data Analysis; From: Optimization and Decision-Making in the Renewable Energy Industry
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Chapter 2
Artificial Intelligence and Venture Capital Decision-Making
It is a series of steps that venture capitalists take to make their decisions. This process is influenced by many factors such as cognitive biases, artificial intelligence, and so on.
Published in Chapter: Artificial Intelligence and Venture Capital Decision-Making; From: Fostering Innovation in Venture Capital and Startup Ecosystems
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