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Questions and Answers
What is the Business Pressures–Responses–Support Model?
What is the Business Pressures–Responses–Support Model?
The Business Pressures–Responses–Support Model is a framework that explains how companies respond to the pressures of the competitive business climate by using computerized support, such as Business Intelligence, to facilitate the decision-making process.
What are the business pressures faced by companies in today's competitive business climate?
What are the business pressures faced by companies in today's competitive business climate?
The business pressures faced by companies in today's competitive business climate are the result of the changing environment. These pressures include the need to solve problems and exploit opportunities to survive and excel.
What are the learning objectives of the Introduction to Decision Support System (DSS) & Business Intelligence (BI) chapter?
What are the learning objectives of the Introduction to Decision Support System (DSS) & Business Intelligence (BI) chapter?
The learning objectives of the chapter include understanding the turbulent business environment, the need for computerized support in managerial decision making, an early framework for managerial decision making, and the conceptual foundations of decision support systems (DSS).
What are the conceptual foundations of decision support systems (DSS)?
What are the conceptual foundations of decision support systems (DSS)?
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How do organizations survive and excel in today's turbulent business environment?
How do organizations survive and excel in today's turbulent business environment?
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Study Notes
Business Pressures–Responses–Support Model
- A framework that illustrates how organizations face pressures, respond to them, and seek support.
- Helps in understanding the relationship between business pressures, responses (strategies), and the support systems in place.
Business Pressures in Today's Climate
- Increased globalization resulting in heightened competition and market dynamics.
- Rapid technological advancements requiring constant adaptation and innovation.
- Changing customer expectations driving businesses to enhance their service and product offerings.
- Economic fluctuations affecting demand and supply stability.
- Regulatory changes imposing compliance requirements on businesses.
Learning Objectives of DSS & BI
- Understand the definitions and roles of Decision Support Systems (DSS) and Business Intelligence (BI).
- Explore how DSS and BI improve decision-making processes in organizations.
- Analyze the components and architecture of effective DSS and BI systems.
- Recognize the importance of data management and analytics in supporting business decisions.
Conceptual Foundations of Decision Support Systems (DSS)
- DSS integrates data from various sources to facilitate analysis and support decision-making.
- Emphasizes human interaction for effective exploration and problem-solving.
- Distinguishes between structured and unstructured decision processes.
- Incorporates models and simulation techniques for forecasting and planning.
Survival and Excellence in Turbulent Business Environment
- Emphasizes the need for agility and adaptability to rapidly changing market conditions.
- Highlights the importance of leveraging technology for efficiency and innovation.
- Underlines customer-centric strategies to meet evolving demands and expectations.
- Encourages a culture of continuous learning and improvement within organizations.
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Description
Test your understanding of Decision Support Systems (DSS) and Business Intelligence (BI) with this quiz covering chapters 1, 2, and 3. Assess your knowledge on the turbulent business environment, the role of computerized support in decision making, and more.
