The business value of a GDSS is improved decision making. How does a GDSS accomplish this?
What will be an ideal response?
GDSS helps groups make decisions about unstructured problems. Firstly, because GDSS provides value by allowing collaboration over important decisions, the decision doesn't rest in the hands of one person alone. By having more people working on the problem, the decision is more likely to realistically reflect the needs and goals of the group, rather than just one person. Secondly, because anonymity is a feature, people are encouraged to be more honest. This will also enhance the accuracy of the solution. The ability of the GDSS to record the meeting and decisions means that the decision-making process, its ideas and solutions, can be made part of the company's knowledge base. Additionally, by providing structure, the GDSS may enhance the efficiency of the particular type of unstructured decision making.
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Wilbur uses a Books-A-Million customer card, Kash-N-Karry customer card, Jerry's Cleaners customer card, and Sandwich Shop customer card when he shops at any of these retailers. Each time he uses them, he gets rewarded with reduced cost, free merchandise, or a credit. These cards form a part of
A. assortment planning programs. B. market basket analysis. C. retail analytic programs. D. privacy and CRM programs. E. frequent-shopper programs.
______ gather and interpret information to improve a product or process. They are known for using “their head more than their hands.”
A. Knowledge workers B. Staff managers C. Line managers D. Empathy workers
Oral communication allows you to evaluate while you are delivering the message, while written communication allows you to evaluate before delivering your message
Indicate whether the statement is true or false.
Answer the following statements true (T) or false (F)
All accounting measurements are of either the assessment or the prediction variety.