Decision Support Systems and Strategic Management Decisions
VerifiedAdded on 2020/03/23
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Report
AI Summary
This report examines the significant role of Decision Support Systems (DSS) in organizational management and strategic decision-making. It highlights how DSS, by utilizing data processing and information systems, aids in solving complex, semi-structured, and unstructured problems. The report details the benefits of DSS, including improved decision-making through data analysis, risk assessment, and the use of management models like time series analysis and regression. It also discusses how DSS facilitates strategic planning by sharing information, linking tactical and strategic processes, and enabling rapid revision of prior decisions. The report emphasizes the impact of DSS on enhancing organizational agility, productivity, and competitive advantage, supported by references to relevant academic literature.
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