Sunday, October 6, 2019

Decision support System Essay Example | Topics and Well Written Essays - 2250 words

Decision support System - Essay Example Information technology experts are investing heavily in finding out the trends of IT uptake in the business world and utilize this information in key decision making for the organization (Albert & Kenneth, 2004). The demand for IT in businesses increases when customers realize there are programs in the market which are meant to help them avoid errors in decision making which affect their organization negatively through the losses incurred. Application of computers especially for decision support services is broad. There is no area in human existence where right decisions are not important. Whether it is health care settings, not for profit organizations, profit organizations, learning institutions, business organizations and any other place or institution where there is spending or cost incurred, all these require making decisions to strengthen the sustainability of the organization. Whether these are individual or corporate owned, there is need to gather information from consumers d irectly so as to offer products and services which will satisfy them (Albert & Kenneth, 2004). There is no business which operates within a vacuum. It is not very difficult to witness more than one organization which provides similar services, or companies selling goods within the same geographical area. Sometimes there goods which are originating from different companies present in retail outlets and customers do choose one item and leave the other. These decisions which customers make are based on several factors which attract them. In order to attract customers and influence their decisions to buy one product and leave another of the same type manufacturers spend so much in advertising their products to many people (Basil, 2010). The outcome of those promotional efforts is the large number of customers who demand for their products, thus boosting their capital base and profit. The quality of products or services also contributes much on the customers’ demand of those servi ces or products. It is important that clients take their time to provide goods and services which will be able to meet the basic standards in a given setting since every country has a board which oversees the sale and distribution of goods and services to ensure that consumers are protected from counterfeit products and services. Other external factors which affect a business organization include the political, legal and social systems in a particular country. It is important to understand the preferences of people you expect to be your customers for the products and services you offer. The behaviors, habits, customs and practices of people usually have a strong foundation which is sometimes very difficult to change. Therefore before you decide to invest in certain products while having a certain population in mind as your target population; it is important to consider the social nature of these people since it influences the purchasing habits of these people. The legal system is al so important in a given country since it lays a framework under which a business should operate. When investing in a foreign country it will be important to gather information on the laws which exist in that country so as to ensure you don’t incur unnecessary costs which come as fines due to breaking of business laws. These are some of the factors which aff

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.