ABSTRACT
We live in an age of information. The establishment of adequate information sources and channels is seen as a “necessary precondition” for rational decision making. As is known well, rational decision are usually made in the light of the information available at the time of the decision. The increasingly important role of information in decision making is a growing area of concern in management theory and practice. The rapid developments in telecommunication and computer technology have greatly increased the potential for the storage, processing and distribution of information gained all over the world.
