Examples of Decision Support System in the following topics:
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- One example of this is a decision support system (DSS) .
- Decision support systems enable managers to obtain and manipulate information as they are making decisions.
- Decision support systems can be either fully computerized, human, or a combination of both.
- Decision support systems have become critical and useful across all types of business.
- Demonstrate the uses and effectiveness of decision support systems from a marketing perspective
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- An expert system consists of both an inference engine and a knowledge base and has decision-making abilities.
- Knowledge based systems are artificial intelligent tools working in a narrow domain to provide intelligent decisions with justification.
- The basic advantages offered by such a system are documentation of knowledge, intelligent decision support, self learning, reasoning and explanation.
- Knowledge base systems (KBS) go beyond the decision support philosophy to incorporate expert system technology into the decision-making framework.
- Expert systems (ES) have been the tools and techniques perfected by artificial intelligence (AI) researchers to deduce decision influences based on the codification of knowledge and applying rules, such as if-then statements.
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- A marketing information system is a management information system designed to support marketing decision making.
- A marketing information system is a management information system designed to support marketing decision making.
- Jobber (2007) defines it as a "system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a regular basis. " Kotler, et al. (2006) define it more broadly as "people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers. "
- It is true today that in many organization an MkIS is integrated as part of a computerized system.
- To manage a business well is to manage its future and this means that management of information, in the form of a company wide"Management Information System" (MIS) of which the MkIS is an integral part, is an indispensable resource to be carefully managed just like any other resource that the organization may have e.g., human resources, productive resources, transport resources and financial resources.
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- A marketing information system (MIS) is a management information system designed to support marketing decision making.
- A marketing information system (MIS) is a management information system designed to support marketing decision making.
- It brings together many different kinds of data, people, equipment and procedures to help an organization make better decisions .
- American academic Philip Kotler has defined it more broadly as "people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers. " Not to be confused for a management information system, marketing information systems are designed specifically for managing the marketing aspects of the business.
- This is an example of a marketing information system for agriculture.
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- Every decision making process produces a final choice.
- A typical decision-making process involves several steps:
- Business organizations utilize management information systems (MIS), which combine the use of information technology, people, and data/information to provide tools used in making decisions .
- Management information systems are distinct from other information systems in that they are designed to be used to analyze and facilitate strategic and operational activities in the organization.
- An MIS supports a business' long-range plans, providing performance analysis reports on areas critical to those plans, with feedback mechanisms that improve guidance for every aspect of the enterprise, including recruitment and training.
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- Their main finding was that team decisions were more selfish and competitive, less trusting and less altruistic than individual decisions.
- Every decision-making process produces a final choice.
- According to the idea of synergy, decisions made collectively tend to be more effective than decisions made by a single individual.
- When a consensus is impossible, impractical, or undesirable, different voting systems can be used for a group to decide on an outcome.
- Majority voting requires support from more than 50% of the members of the group.
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- While support personnel are often seen as those providing after-sales service or technical assistance, the definition of support staff also includes functions such as accounting, finance, human resources, supply chain, etc.
- Other common support roles that work with sales managers directly or assist clients and customers with product and service issues include sales engineers, technical support specialists, and customer support representatives .
- In technical support roles, the purpose is to help potential customers understand and compare the solutions that are available for purchase (the pre-sales role); to troubleshoot problems with their implementations—that is, to help ensure that the solutions work successfully once the buying decision has been made (the post-sales role); and to maximize company sales by assisting customers.
- Examples include airliners, weapons systems, and IT systems (such as telecommunications or databases and their dependent applications for purposes like logistics or customer relationship management).
- Thus, in such industries, there may be a great overlap in the roles of support and sales personnel.
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- Majority rule is a decision rule that selects the option which has a majority, that is, more than half the votes.
- It is the binary decision rule used most often in influential decision-making bodies, including the legislatures of democratic nations.
- Being a binary decision rule, majority rule has little use in public elections, with many referendums being an exception.
- For example, under a PR voting system if 30% of voters support a particular party then roughly 30% of seats will be won by that party.
- PR systems tend to produce a proliferation of political parties, while single member districts encourage a two-party system.
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- Many organizations implement compliance and ethics programs to help guide the decision making and behavior of employees.
- On a more practical level, a compliance and ethics program supports the organization's business objectives, identifies the boundaries of legal and ethical behavior, and establishes a system to alert management when the organization is getting close to (or crossing) a legal or ethical boundary.
- Ethics training inside corporations is aimed at helping employees address the moral dimension of business decisions.
- Training for ethical decision making can include workshops, guest lectures, and manager/employee discussions.
- Some learning opportunities go beyond this to focus on how to take action when ethics are involved in a decision.
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- The manager's role in group decision making is to create a supportive context for the group.
- Decisions are often delegated to groups when members have the experience and information needed to arrive at the appropriate choice.
- Managers and leaders can take actions that support group decision making and lead to good decision outcomes.
- Managers can help promote effective decision making by effectively choosing group members, framing the decision, and organizing the decision process.
- In order to maximize the potential of a group decision process, managers should take the following important steps: