Artificial Intelligence in Decision-Making: A Descriptive Analysis of Its Impact on Strategic Planning

Authors

  • Muhammad Fayaz(PhD) Assistant Professor, Faculty of Economics, Kardan University, Kabul-Afghanistan
  • Muhammad Amin(PhD) Assistant Manager (HR), National Transmission and Dispatch Company
  • Muhammad Iqbal MS CS Scholar Bahria University Islamabad, Pakistan

Abstract

Technological advancements, particularly in Artificial Intelligence (AI), are transforming decision-making processes, significantly impacting strategic planning within organizations. This study provides a descriptive analysis of AI's role in decision-making, focusing on its influence on the formulation and execution of strategic plans. Through a comprehensive review of existing literature, the research aims to explore the integration of AI in strategic planning, identifying the resources required to enhance AI capabilities and the mechanisms driving its adoption. Using a descriptive research methodology, the paper examines how AI tools improve organizational agility, precision, and competitiveness in strategy development. The findings reveal that, while AI enhances strategic decision-making, challenges such as data quality, ethical considerations, and the necessity for human oversight persist as critical areas for organizations to address.

Keywords: Artificial Intelligence (AI), Decision-Making, Strategic Planning.

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Published

2024-09-10

How to Cite

Artificial Intelligence in Decision-Making: A Descriptive Analysis of Its Impact on Strategic Planning. (2024). Journal of Business and Management Research, 3(2), 222-235. https://jbmr.com.pk/index.php/Journal/article/view/228