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Decision making and its consequences
Decision making and its consequences
Decision making and its consequences
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Decision Support Systems in Organizational Decision Making Decision making refers to the process of finding and selecting options according to the priorities and values of the person making the decision. Since there are many choices involved, it is important to identify as many options as possible so as to pick the option that best fits a company’s target, goals, values and vision. Due to the integral role of decision making in company growth and financial progress, many firms such as Amazon.com and EBay are pumping in huge investments in business intelligence systems, which are made up of certain technological tools and technological applications that are created for the purpose of facilitating improved decision making process in business. In this paper, I take a critical look at Decision Support Systems and how they affect organizational Decision making. Advantages of Decision Support Systems Decision Support Systems (DSS) help with time management. All groups of DSS enhance reduced time circle involved in the decision making process. At Amazon.com, DSS enhance the productivity of employees and facilitate timely acquisition of information that is necessary for the decision making process. DSS facilitate enhanced interpersonal communication among those responsible for decision making. Communication-Driven Decision Support Systems and Group Decision Support Systems lead in more lubricated communication process and sharing of information. Moreover, Model-Based Decision Support systems offer a platform for sharing certain facts and suppositions regarding the decision making process. At Amazon.com Data-driven Decision make certain information about the company available to managers to make it easy for them to make decisions that ens... ... middle of paper ... ...ow to handle competition from other e-commerce companies. Conclusion I believe that Decision Support Systems (DSS) can be properly implemented to facilitate decision making process as is done at Amazon.com. At Amazon.com DSS are used to emphasize change, speedy response, and flexibility in decision making. Though I believe that DSS are important in decision making especially for a company like Amazon.com whose focus is in e-commerce, there are concerns that must be addressed to make the implementation of DSS more accepted and effective. References Haag, S. & Cummings, M. (2008). Management information systems for the information age (Laureate Education, Inc., custom ed.). Boston: McGraw-Hill/Irwin. Works Cited Haag, S. & Cummings, M. (2008). Management information systems for the information age (Laureate Education, Inc., custom ed.). Boston: McGraw-Hill/Irwin.
Roy, B. (1993). Decision science or decision-aid science? European journal of operational research , 66 (2), 184-203.
The Passive Decision Support System, Active Decision Support System and Cooperative Decision Support System (2013). A Passive Decision Support System, is a system that assists in the process of decision making, however, it can’t bring out clear decisions (2013). An active Decision Support System, on the other hand, can bring out solutions and decision suggestions. The Cooperative Decision Support System allows the decision maker to change the decision suggestions provided by the system before the information is sent back to the system for validation (2013). While there are many ways computerized systems can be characterized, it is important to compare them in terms of what the user will be doing with the
Asemi observe that Management Information System (MIS) is one of the information systems that is computer based. Besides, Asemi defines MIS as “an organizational method of providing past, present and project information related to internal operations and external intelligences. It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (2011). The aim of MIS is to satisfy the general information need of the entire manager in an organization. Before the advent of computers, the process of decision-making was one that was full of built-in advantages and ad hoc methods. Computers technologies have changed the landscape of the decision-making process completely by making the process less demanding and easy to undertake. The reason for this situation is that information technology has made access to information more automated, efficient, effective, timely, and less ambiguous. Consequently, the ordinary t...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." (About Quotations.com). Our ability to make well informed and critically analyzed decisions along with the decision-making processes we employ, are key in determining our overall successes and failures. We are faced with daily decisions that can ultimately change the very courses of our lives. Poor decisions will lead to unintended failures while educated, deliberate, and purposefully planned decisions will bring about a desired result with great success.
Power, Daniel J. "Understanding Data-Driven Decision Support Systems." Information Systems Management 25.2 (2008): 149-154. Business Source Complete. Web. 3 Apr. 2014.
The most common purpose for (BI) systems is to aid in the decision making process. BI systems collect data, store the gathered information in data warehouses, analyze the data and then present the data in easy to understand applications for the decision making process. The following studies research the role that BI systems play in the decision making process.
The objective of this paper is to have a critical assessment of what are Decision Support Systems, particularly in the Organizational context, historical genesis of these systems and the latest trends in this sub field of MIS. Along with the above mentioned objectives, we have tried to explore, by way of examples, the relevance and importance of DSS in large, complicated decision making settings. We also will attempt to visualize, how DSS’s may evolve 20 years from now in a vastly connected world and which type of problems it could help solve efficiently
Define the three primary types of decision-making systems, and explain how a customer of Actionly might use them to find business intelligence.
With the advent of computer systems, there has been a significant progress in terms of framing online transactions processing systems. These systems are programmed to carry out specific activities which are restricted to facilitation of online transaction processing only and do not assist in the decision making process as they lack the “intelligence” which is the basic essence of the modern decision support systems. OLTP systems only help autom...
In the article titled, “Benefits of Decision Science in the Corporate Environment”, written by Cassone and Tillman, they stated that “The goal of the use of decision science techniques is to get people to think of the big picture and understand the tools and techniques that can be used to solve corporate-wide problems. Understanding the problem and the environment, analyzing the information, and quantifying results involve putting the conceptual and analytical pieces together to solve the puzzle.” (Cassone & Tillman, 2013) In my opinion, I think that statement can be applied in any environment in addition to the corporate environment, because the decision science techniques is to get people to think objectively and to be able to weight alternatives and see potentials and
Base on the case of “Your Choice Furniture”, we marked this system's analysis to formulate solutions in this report; it assisted in evaluating the impact of recent change information technologies of “Your choice furniture” business system for evaluating how well the firm will be performing.
Turban, E. (2009) Information technology for management : transforming organizations in the digital economy. 7th ed. Hoboken: John Wiley & Sons Inc.
My interest in the field of information management was triggered when I began developing small projects. As a group, we designed and developed a few mid-term projects in third year of engineering – a banking system portal, a website for my college, and a training and placement office software. I was the lead in developing a hotel management system, which was awarded the “Best Project” prize at the intra college project competition. These projects made
Turban et al. (2007: 6th edition) Information Technology for Management: Transforming Organisations in the Digital Economy. Wiley
Paige B., Brian D. and Cameron W. (2012). Business Driven Information Systems, 3rd Canadian Ed. 300 Water St, Whitby, ON L1N 9B6, McGraw Hill Ryerson Ltd