This document discusses how systems information and business intelligence can enhance decision making. It provides examples of how retailers like Starbucks use business analytics software to analyze sales data patterns to determine optimal product pricing and customer profiles by location and time of day. The document also outlines the key stages in the decision making process, how different levels of management have different decision making and information needs, and how business intelligence infrastructure and tools can help organizations make more informed decisions.
Perilaku Organisasi Organizational BehaviorDadang Solihin
[Ringkasan]
Keragaman dalam organisasi merupakan perbedaan individu dalam karakteristik seperti usia, jenis kelamin, ras, agama, orientasi seksual, dan kemampuan. Keragaman dapat memberikan manfaat bagi organisasi melalui berbagai sudut pandang baru namun juga menimbulkan tantangan seperti prasangka dan diskriminasi yang perlu dikelola dengan baik.
Dokumen tersebut membahas proses pengolahan data dari sumber, penyimpanan, dan pengeluaran informasi secara manual dan komputer. Langkahnya meliputi pengumpulan data transaksi, verifikasi, penyimpanan di buku atau database, serta pengeluaran laporan.
Dokumen tersebut membahas tentang pembuatan persekutuan dan pembuatannya. Terdapat beberapa keadaan yang dapat menyebabkan terjadinya pembubaran persekutuan seperti berakhirnya jangka waktu, persetujuan bersama, atau kematian salah seorang anggota. Dokumen juga membahas masalah akuntansi yang muncul ketika ada anggota baru masuk atau keluar persekutuan seperti pemberian bonus dan goodwill.
Perilaku Organisasi Organizational BehaviorDadang Solihin
[Ringkasan]
Keragaman dalam organisasi merupakan perbedaan individu dalam karakteristik seperti usia, jenis kelamin, ras, agama, orientasi seksual, dan kemampuan. Keragaman dapat memberikan manfaat bagi organisasi melalui berbagai sudut pandang baru namun juga menimbulkan tantangan seperti prasangka dan diskriminasi yang perlu dikelola dengan baik.
Dokumen tersebut membahas proses pengolahan data dari sumber, penyimpanan, dan pengeluaran informasi secara manual dan komputer. Langkahnya meliputi pengumpulan data transaksi, verifikasi, penyimpanan di buku atau database, serta pengeluaran laporan.
Dokumen tersebut membahas tentang pembuatan persekutuan dan pembuatannya. Terdapat beberapa keadaan yang dapat menyebabkan terjadinya pembubaran persekutuan seperti berakhirnya jangka waktu, persetujuan bersama, atau kematian salah seorang anggota. Dokumen juga membahas masalah akuntansi yang muncul ketika ada anggota baru masuk atau keluar persekutuan seperti pemberian bonus dan goodwill.
Dokumen tersebut memberikan contoh soal tentang penerbitan obligasi oleh dua perusahaan beserta jawabannya yang mencakup jurnal akuntansi untuk mencatat transaksi penerbitan, pembayaran bunga, dan pelunasan obligasi. Jawaban juga menghitung amortisasi diskonto dan premium obligasi dengan metode garis lurus beserta tabelnya.
Dokumen tersebut membahas tentang pengauditan siklus pengeluaran perusahaan yang meliputi tujuan audit, pemahaman struktur pengendalian intern, dokumen dan catatan terkait, serta prosedur audit seperti pengujian pengendalian dan substantif untuk utang dagang dan aktiva tetap.
Dokumen tersebut membahas tentang pengertian, penyebab timbulnya, jenis, dan faktor-faktor yang mempengaruhi penyusunan anggaran piutang. Diberikan pula contoh ilustrasi penyusunan anggaran piutang untuk perusahaan dagang, manufaktur, dan jasa keuangan.
Dokumen tersebut membahas model indeks tunggal yang dikembangkan oleh William Sharpe pada tahun 1963 sebagai penyederhanaan dari model portofolio Markowitz. Model indeks tunggal menyederhanakan perhitungan dengan menyediakan parameter-parameter seperti return ekspetasi, varians, dan kovarians sebagai input untuk model portofolio Markowitz. Dokumen ini juga menjelaskan rumus-rumus dasar model indeks tunggal untuk menghitung parameter tersebut baik unt
Dokumen tersebut membahas berbagai metode akuntansi untuk hutang jangka panjang seperti obligasi, wesel bayar, dan transaksi terkait lainnya. Termasuk pencatatan penerbitan, amortisasi premi atau diskonto, konversi menjadi saham, dan penghentian pengakuan.
SISTEM INFORMASI DALAM KEGIATAN BISNIS GLOBAL SAAT INIKasi Irawati
Sistem informasi memainkan peran penting dalam mengubah bisnis menjadi lebih responsif terhadap pelanggan dan mencapai efisiensi tinggi. Perkembangan platform digital, pertumbuhan bisnis berbasis data besar, dan cloud computing telah mengubah cara kerja bisnis dan organisasi. Sistem informasi memungkinkan perusahaan untuk beroperasi secara digital dan mengambil keputusan lebih cepat.
Pak Ali mendirikan biro jasa dengan modal sebesar Rp. 65,5 juta yang berasal dari uang tunai, piutang, perlengkapan, dan peralatan. Biro jasa tersebut melakukan serangkaian transaksi seperti pembayaran sewa, listrik, pembelian peralatan, penerimaan pendapatan, dan pembayaran beban.
Pernyataan Standar ini mengatur perlakuan akuntansi kewajiban pemerintah termasuk pengakuan, pengukuran, penyajian, dan pengungkapan. Kewajiban diklasifikasi menjadi jangka pendek dan panjang. Kewajiban jangka pendek meliputi bagian lancar utang panjang, utang perhitungan fiak ketiga, utang kepada pihak ketiga, dan utang biaya pinjaman yang jatuh tempo dalam satu tahun.
7 isu sosial dan etika dalam sistem informasireidjen raden
Dokumen tersebut membahas tentang isu-isu etika dan sosial yang terkait dengan sistem informasi. Ada lima dimensi moral utama yang diangkat, yaitu hak dan kewajiban informasi, hak dan kewajiban kepemilikan, akuntabilitas dan pengendalian, kualitas sistem, serta kualitas hidup. Teknologi informasi memang dapat dimanfaatkan untuk kemajuan, namun juga berpotensi menimbulkan masalah etika baru seiring dengan
Bab 9 MENCAPAI KEUNGGULAN OPERASIONAL DAN KEDEKATAN DENGAN PELANGGAN:APLIKASI...Kasi Irawati
Sistem informasi perusahaan membantu meningkatkan efisiensi operasional dan memberikan informasi untuk pengambilan keputusan manajerial. Aplikasi ini dibangun berdasarkan proses bisnis dan mencerminkan praktik terbaik untuk memfasilitasi fungsi penjualan, pemasaran, keuangan, sumber daya manusia, dan manufaktur. Sistem manajemen rantai pasokan dan hubungan pelanggan mengintegrasikan organisasi dan proses bisnis untuk menangani ketid
Bab ini membahas tentang kewajiban tidak lancar perusahaan, termasuk hutang obligasi jangka panjang. Penerbitan obligasi melibatkan penentuan harga jual berdasarkan tingkat bunga pasar. Jika obligasi dijual dengan diskon atau premi, selisih antara harga jual dan nilai nominal diamortisasi selama masa obligasi menggunakan metode bunga efektif.
* kualitas keputusan meningkat
* pengambilan keputusan meningkat
* manajemen pusat lebih fokus pada tugasnya
* pusat laba menjadi tempat pelatihan
* meningkatnya kesadaran laba
* informasi siap pakai dari pusat laba
* kinerja kompetitif meningkat
Surat ini menjelaskan proposal audit PT. Sinar Mataram oleh KAP Jaya dan Rekan untuk tahun buku 1995. Surat ini menegaskan penerimaan dan pemahaman KAP atas perikatan audit laporan keuangan PT. Sinar Mataram per 31 Desember 1995 sesuai standar auditing yang berlaku. Surat ini juga menjelaskan prosedur, tanggung jawab, dan biaya audit.
Dokumen tersebut membahas tentang sistem pengukuran kinerja organisasi. Sistem pengukuran kinerja digunakan untuk menilai pencapaian target organisasi dengan menggunakan ukuran-ukuran formal. Sistem ini meliputi pengukuran kinerja keuangan dan non keuangan, serta kerangka rancangan dan implementasi sistem pengukuran kinerja beserta manfaat dan kesulitannya."
Dokumen tersebut membahas tentang analisis trend posisi keuangan perusahaan dengan melihat perkembangan laporan keuangan beberapa tahun terakhir untuk memahami kecenderungan kondisi keuangan perusahaan di masa lalu dan memprediksi masa depan. Langkah-langkah analisis trend mencakup penentuan tahun dasar, perhitungan indeks untuk pos-pos laporan keuangan, serta interpretasi arah dan besaran perubahan untuk menilai dampakny
Pengertian pasar, pemasaran dan manajemen pemasaranIndra Diputra
Dokumen tersebut membahas tentang pengertian pasar, pemasaran, dan manajemen pemasaran. Secara ringkas, pasar terdiri atas orang-orang dengan kebutuhan dan kemampuan belanja, pemasaran adalah proses pertukaran untuk memenuhi kebutuhan konsumen, sedangkan manajemen pemasaran adalah proses mengelola program pemasaran untuk menciptakan nilai bagi konsumen dan perusahaan.
Session 10 - Foundation of business intelligence - ENHANCING DECISION MAKING.pptENRIQUE EGLESIAS
The document discusses how business intelligence and analytics can enhance decision making at different levels of an organization. It describes the types of decisions made by senior managers, middle managers, operational managers, and employees. It also outlines the stages of the decision making process and how information systems can support each stage. Finally, it discusses how tools like business intelligence systems, dashboards, and decision support systems can provide analytics and visualizations to help different user groups with their decision making needs.
Dokumen tersebut memberikan contoh soal tentang penerbitan obligasi oleh dua perusahaan beserta jawabannya yang mencakup jurnal akuntansi untuk mencatat transaksi penerbitan, pembayaran bunga, dan pelunasan obligasi. Jawaban juga menghitung amortisasi diskonto dan premium obligasi dengan metode garis lurus beserta tabelnya.
Dokumen tersebut membahas tentang pengauditan siklus pengeluaran perusahaan yang meliputi tujuan audit, pemahaman struktur pengendalian intern, dokumen dan catatan terkait, serta prosedur audit seperti pengujian pengendalian dan substantif untuk utang dagang dan aktiva tetap.
Dokumen tersebut membahas tentang pengertian, penyebab timbulnya, jenis, dan faktor-faktor yang mempengaruhi penyusunan anggaran piutang. Diberikan pula contoh ilustrasi penyusunan anggaran piutang untuk perusahaan dagang, manufaktur, dan jasa keuangan.
Dokumen tersebut membahas model indeks tunggal yang dikembangkan oleh William Sharpe pada tahun 1963 sebagai penyederhanaan dari model portofolio Markowitz. Model indeks tunggal menyederhanakan perhitungan dengan menyediakan parameter-parameter seperti return ekspetasi, varians, dan kovarians sebagai input untuk model portofolio Markowitz. Dokumen ini juga menjelaskan rumus-rumus dasar model indeks tunggal untuk menghitung parameter tersebut baik unt
Dokumen tersebut membahas berbagai metode akuntansi untuk hutang jangka panjang seperti obligasi, wesel bayar, dan transaksi terkait lainnya. Termasuk pencatatan penerbitan, amortisasi premi atau diskonto, konversi menjadi saham, dan penghentian pengakuan.
SISTEM INFORMASI DALAM KEGIATAN BISNIS GLOBAL SAAT INIKasi Irawati
Sistem informasi memainkan peran penting dalam mengubah bisnis menjadi lebih responsif terhadap pelanggan dan mencapai efisiensi tinggi. Perkembangan platform digital, pertumbuhan bisnis berbasis data besar, dan cloud computing telah mengubah cara kerja bisnis dan organisasi. Sistem informasi memungkinkan perusahaan untuk beroperasi secara digital dan mengambil keputusan lebih cepat.
Pak Ali mendirikan biro jasa dengan modal sebesar Rp. 65,5 juta yang berasal dari uang tunai, piutang, perlengkapan, dan peralatan. Biro jasa tersebut melakukan serangkaian transaksi seperti pembayaran sewa, listrik, pembelian peralatan, penerimaan pendapatan, dan pembayaran beban.
Pernyataan Standar ini mengatur perlakuan akuntansi kewajiban pemerintah termasuk pengakuan, pengukuran, penyajian, dan pengungkapan. Kewajiban diklasifikasi menjadi jangka pendek dan panjang. Kewajiban jangka pendek meliputi bagian lancar utang panjang, utang perhitungan fiak ketiga, utang kepada pihak ketiga, dan utang biaya pinjaman yang jatuh tempo dalam satu tahun.
7 isu sosial dan etika dalam sistem informasireidjen raden
Dokumen tersebut membahas tentang isu-isu etika dan sosial yang terkait dengan sistem informasi. Ada lima dimensi moral utama yang diangkat, yaitu hak dan kewajiban informasi, hak dan kewajiban kepemilikan, akuntabilitas dan pengendalian, kualitas sistem, serta kualitas hidup. Teknologi informasi memang dapat dimanfaatkan untuk kemajuan, namun juga berpotensi menimbulkan masalah etika baru seiring dengan
Bab 9 MENCAPAI KEUNGGULAN OPERASIONAL DAN KEDEKATAN DENGAN PELANGGAN:APLIKASI...Kasi Irawati
Sistem informasi perusahaan membantu meningkatkan efisiensi operasional dan memberikan informasi untuk pengambilan keputusan manajerial. Aplikasi ini dibangun berdasarkan proses bisnis dan mencerminkan praktik terbaik untuk memfasilitasi fungsi penjualan, pemasaran, keuangan, sumber daya manusia, dan manufaktur. Sistem manajemen rantai pasokan dan hubungan pelanggan mengintegrasikan organisasi dan proses bisnis untuk menangani ketid
Bab ini membahas tentang kewajiban tidak lancar perusahaan, termasuk hutang obligasi jangka panjang. Penerbitan obligasi melibatkan penentuan harga jual berdasarkan tingkat bunga pasar. Jika obligasi dijual dengan diskon atau premi, selisih antara harga jual dan nilai nominal diamortisasi selama masa obligasi menggunakan metode bunga efektif.
* kualitas keputusan meningkat
* pengambilan keputusan meningkat
* manajemen pusat lebih fokus pada tugasnya
* pusat laba menjadi tempat pelatihan
* meningkatnya kesadaran laba
* informasi siap pakai dari pusat laba
* kinerja kompetitif meningkat
Surat ini menjelaskan proposal audit PT. Sinar Mataram oleh KAP Jaya dan Rekan untuk tahun buku 1995. Surat ini menegaskan penerimaan dan pemahaman KAP atas perikatan audit laporan keuangan PT. Sinar Mataram per 31 Desember 1995 sesuai standar auditing yang berlaku. Surat ini juga menjelaskan prosedur, tanggung jawab, dan biaya audit.
Dokumen tersebut membahas tentang sistem pengukuran kinerja organisasi. Sistem pengukuran kinerja digunakan untuk menilai pencapaian target organisasi dengan menggunakan ukuran-ukuran formal. Sistem ini meliputi pengukuran kinerja keuangan dan non keuangan, serta kerangka rancangan dan implementasi sistem pengukuran kinerja beserta manfaat dan kesulitannya."
Dokumen tersebut membahas tentang analisis trend posisi keuangan perusahaan dengan melihat perkembangan laporan keuangan beberapa tahun terakhir untuk memahami kecenderungan kondisi keuangan perusahaan di masa lalu dan memprediksi masa depan. Langkah-langkah analisis trend mencakup penentuan tahun dasar, perhitungan indeks untuk pos-pos laporan keuangan, serta interpretasi arah dan besaran perubahan untuk menilai dampakny
Pengertian pasar, pemasaran dan manajemen pemasaranIndra Diputra
Dokumen tersebut membahas tentang pengertian pasar, pemasaran, dan manajemen pemasaran. Secara ringkas, pasar terdiri atas orang-orang dengan kebutuhan dan kemampuan belanja, pemasaran adalah proses pertukaran untuk memenuhi kebutuhan konsumen, sedangkan manajemen pemasaran adalah proses mengelola program pemasaran untuk menciptakan nilai bagi konsumen dan perusahaan.
Session 10 - Foundation of business intelligence - ENHANCING DECISION MAKING.pptENRIQUE EGLESIAS
The document discusses how business intelligence and analytics can enhance decision making at different levels of an organization. It describes the types of decisions made by senior managers, middle managers, operational managers, and employees. It also outlines the stages of the decision making process and how information systems can support each stage. Finally, it discusses how tools like business intelligence systems, dashboards, and decision support systems can provide analytics and visualizations to help different user groups with their decision making needs.
This document discusses business intelligence and analytics and how they support decision making. It defines business intelligence as the infrastructure for collecting and analyzing business data, including databases, data warehouses, and analytics tools. Business analytics are the tools and techniques used to analyze data, such as OLAP, statistics, and data mining. The document outlines the decision making process and different types of decisions made by senior managers, middle managers, and operational staff. It also discusses how business intelligence systems provide reports, dashboards, queries and other features to support different user groups in making decisions.
This document discusses decision support systems and artificial intelligence applications in business. It covers topics like management information systems, online analytical processing, dashboards, expert systems, neural networks, and more. The key learning objectives are to identify how these technologies can support business decisions and to give examples of their uses. Case studies provide real-world illustrations of dashboard tools, automated decision making, and AI implementation challenges.
This chapter discusses decision support systems (DSS) and how they differ from traditional management information systems (MIS). DSS provide interactive support to managers during semistructured decision making through tools like analytical models, databases, and computer modeling. MIS produce predefined reports to support more structured decisions. The chapter outlines several types of DSS including executive information systems, enterprise portals, online analytical processing (OLAP), geographic information systems, and data visualization systems. It also discusses how various analytical techniques can be used in DSS to support decision making.
Enhancing Decision Making - Management Information SystemFaHaD .H. NooR
Problem: Chain retailers need to determine what products will sell at what prices at different locations
Solutions: Business analytics software to analyze patterns in sales data, create pricing profiles and buyer profiles for different regions, locales, even times of day
Senior managers:
Make many unstructured decisions
E.g. Should we enter a new market?
Middle managers:
Make more structured decisions but these may include unstructured components
E.g. Why is order fulfillment report showing decline in Lahore?
Operational managers, rank and file employees
Make more structured decisions
E.g. Does customer meet criteria for credit?
KPIs are almost universally used in organizations of all types. But are they being used effectively? Are they making an impact on the system? Or are they expensive, consultant-driven projects that simply report performance? A well-designed KPI system provides the right agility to fit your business, and it keeps business in control.
In this webinar ( presentation), "Building a KPI Solution" you will
• Learn to discover and unleash the real value in your data
• Understand how you should plan for and design an effect KPI system
• Learn how to specify a solution, and how to avoid vendors that cannot deliver
This webinar (presentation) will also cover best practices in solution design, where to define your business logic, how to include analytics, and how to best work with the solution. Discover how organizations of all types are using actionable KPI systems to achieve business outcomes.
What is Business intelligence
Core Capabilities of Business Intelligence
Elements of Business Intelligence
Why Companies opt for Business Intelligence
Benefits of Business Intelligence
User of Business Intelligence
Reports of Business Intelligence
Business Application in Extended Enterprise
Business Analytics
Golden Rules for Business Intelligence
5 Stages of Business Intelligence
This document discusses various types of decision support systems and artificial intelligence technologies that can be used in business, including:
- Decision support systems use analytical models, specialized databases, and interactive modeling to support semi-structured business decisions.
- Expert systems use knowledge bases and reasoning to emulate human experts in specific domains like medical diagnosis or equipment troubleshooting.
- Neural networks, fuzzy logic, genetic algorithms and other technologies can be applied to problems like optimization, prediction and classification.
- Intelligent agents are software that acts autonomously to perform tasks or provide information to users.
This document discusses various types of decision support systems and artificial intelligence technologies that can be used in business, including:
- Decision support systems use analytical models, specialized databases, and interactive modeling to support semi-structured business decisions.
- Expert systems use knowledge bases and reasoning to emulate human expertise in specific domains like medical diagnosis or loan approval.
- Neural networks, fuzzy logic, genetic algorithms and other technologies can be applied to business problems like supply chain optimization or customer profiling.
- Dashboards provide executives with real-time displays of key performance indicators.
The document discusses developing an effective enterprise data strategy. It recommends that a data strategy should include identifying and combining multiple data sources, building advanced analytics models, and enabling organizational transformation. An effective strategy also makes data generate business value, identifies critical data assets, defines the data ecosystem, and establishes data governance. The strategy must be flexible, actionable, and provide a clear vision of how data and analytics can improve business results.
Knowledge management and business intelligenceAzmi Taufik
1) Business intelligence is a set of tools and processes that analyze raw data to provide useful information to make business decisions. It includes technologies that transform data into meaningful insights.
2) Key aspects of business intelligence include allowing organizations to get a more accurate view of business and customers, increasing visibility, and enabling analysis of customer behavior.
3) Strategic knowledge management helps identify business needs, organize information flow, implement plans, and evaluate to improve by addressing goals, competitive advantage, and organizational performance.
Project management is essential for developing information systems. Firms use various methods to select projects that align with business goals like portfolio analysis and scoring models. It is important to establish the business value of projects using methods like capital budgeting that measure costs and benefits. Managing project risk is also key, and risk is influenced by factors like project size, structure, and experience with technology. Effective change management is needed to help users adapt to new systems.
This document discusses the core activities involved in building information systems:
1. Systems analysis identifies problems and information requirements through feasibility studies and defining system objectives.
2. Systems design describes system specifications to deliver required functions based on user needs.
3. Programming translates system specifications into software code.
4. Testing ensures the system produces the right results through unit, system, and acceptance testing according to test plans.
5. Conversion changes from the old to new system using strategies like parallel, direct cutover, pilot, or phased approaches.
Business intelligence and data analytic for value realization iyke ezeugo
This presentation centres on how Businesses can take advantage of this era of information overload for enhancing their Business Intelligence and Data Analytic exploits to assure greater values with the available technology solutions.
It is focused on demystifying the BIG DATA phenomenon of the information age, and also on motivating traditional business drivers to begin to take advantage of business decision support systems (DSS) for their business intelligence and data analytics needs. The objective is to help organizations discover what and what they can do with these ICT solutions in their business for greater value realization. These values are expressed in building agile business that are able to thrive, make profit, grow and remain sustainable in the midst of stiff competition, globalization, innovation and regulatory pressures, even with elastic customers’ demands.
Global e business and collaboration ,Management information system for BBA Ho...Tonmoy zahid Rishad
This document summarizes key topics from Chapter 2 of a Management Information Systems textbook. It discusses business processes and their relationship to information systems. It then explains different types of information systems like transaction processing systems, management information systems, decision support systems, and enterprise applications. It also covers topics like global e-business, collaboration technologies, and the role of the information systems function in businesses.
Management Information System [Kenneth Laudon]mmuser2014
The document discusses the role and importance of information systems in business today. It states that information systems are essential for businesses to achieve operational excellence, develop new products and business models, gain customer and supplier intimacy, improve decision making, gain competitive advantages, and ensure survival. The document also defines an information system as a set of components that collect, process, store, and distribute information to support decision making, coordination, and control. It differentiates between data and information, stating that information systems process raw data into meaningful information.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
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Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
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Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
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Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
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1. Modul ke:
Fakultas
Program Studi
Modul ke:
Fakultas
Program Studi
Sistem Informasi
Manajemen
Meningkatkan Proses
Pengambilan Keputusan
H. Lathif Hakim, Lsq. MSc. ME.
12
Fakultas
Ekonomi &
Bisnis
Manajemen
Pembuka Daftar Pustaka Akhiri Presentasi
33. Making Decision is a Fundamental Life
Skill
Rasional > Irasional
Irasional > Rasional
Spiritual
Filosofi/ Nilai/ Budaya
Konsep/ Tujuan
Strategi/ taktik
Operasional/ praktek/ aksi
(course of action)
While hard data may inform our intellect, it is largely soft data that generates wisdom…Hard information is often
limited in scope, lacking richness, and often fails to encompass important non economic and non quantitative factors.
Henry Mintzberg, The Rise and Fall of Strategic Thinking
34. PENGAMBILAN KEPUTUSAN RASIONAL
Kelebihan Kekurangan
Metode yang teruji dan mapan
Fokus pada pengumpulan data dan
kriteria yang ditetapkan
Mengurangi subyektifitas
Efisien – tergantung teknologi yang
diterapkan (pengumpulan dan
pengolahan serta presentasi data)
Yang umum digunakan konsep dasar
BCR (Benefit-Cost Ratio) dan
Probabilitas hasilnya ‘kepuasan’
atau ‘optimasi’/ ‘maksimasi’
Diasumsikan sudah ada pengetahuan
yang akan dihasilkan
Model linier dan tidak dinamis
(mengikuti langkah-langkah
keterkaitan)
Dimunculkan sebagai sebagai
obyektif namun pengambilan
keputusan oleh siapapun
membutuhkan justifikasi pribadi (tidak
bebas nilai)
“It is impossible to be purely rational”
- Herbert Simon, Nobel Prize Winner
Situasi terbaik dalam memanfaatkan pertimbangan Rasional
• masalah yang terstruktur (mis. Masalah permesinan)
• apabila data terpercaya tersedia untuk analisis
• tersedia contoh untuk memahami kondisi sejenis
35. Pengambilan Keputusan dan Manajer
Manajemen adalah suatu proses untuk mencapai tujuan organisasi
melalui pemanfaatan sumberdaya yang dimiliki (SDM, dana, energi,
material, ruang dan waktu).
Sumberdaya yang dimaksud dipahami sebagai inputs, dan hasil
yang dicapai untuk memenuhi tujuan disebut output dari proses
menajemen.
Manajer memandang proses ini sebagai upaya untuk memperoleh
hasil yang optimal.
36. Tiga Kategori Pekerjaan Manajer
(Mintzberg, 1973)
1. Peran Interpersonal: figur
kepala, pemimpin, penghubung.
2. Peran Informasional: monitor,
diseminator, jurubicara.
3. Peran Keputusan: entrepreneur,
menangani kekacauan, pengatur
alokasi sumberdaya, negosiator.
37. 4 Tipe Model Umum Pengambilan
Keputusan
Iconic (Scale) Models.
penyederhanaan dari model
abstrak; replika fisik dari sebuah
sistem, biasanya berdasarkan
perbedaan skala dibandingkan
aslinya
Analog Models.
berlawanan dengan model iconic,
tidak mirip dengan sistem yang riel
tetapi mempunyai perilaku yang
mirip.
Mathematical (Quantitative)
Models.
hubungan yang kompleks dari
banyak sistem umumnya tidak
dapat sepenuhnya terwakili. Untuk
dapat mengabstraksikannya
diperlukan pemanfaatan model-
model matematis. (Probability, B/C
ratio, others)
Mental models
memberikan gambaran subyektif
bagaimana seseorang memikirkan
tentang suatu situasi.
38. Model Pengambilan Keputusan
Manajerial
• Model Ekonomi-Rasional
– Kerangka perspektif bagaimana suatu keputusan diambil dengan asumsi
bahwa pengambil keputusan memiliki informasi akurat yang lengkap
• Model Keputusan-Perilaku (Behavioral Decision)
– Tidak seperti Model Ekonomi-Rasional, model Keputusan-Perilaku ini
memahami adanya keterbatasan manusia yang membuat keputusan
rasional sulit untuk dicapai.
41. Behavioral Decision Model
Satu konsep yang penting untuk dipahami dalam proses
pengambilan keputusan:
Bounded
Rationality Intuition
Satisficing Escalation of
Commitment
Mengenal keterbatasan manusia
oleh adanya pembatasan
organisasional, seperti waktu,
informasi, sumberdaya, dan juga
kapabilitas mentalnya
Analisis yang tidak disadari
berdasarkan pengalaman (yang
lalu)
Suatu pencarian sampai dengan
tingkat memuaskan dan tidak
perlu sampai sempurna atau
optimal
Kecenderungan untuk menambah komitmen
dari aksi (hasil keputusan) sebelumnya seperti
yang diharapkan jika seorang pimpinan jika
mengikuti proses pengambilan keputusan yang
efektif
42. Hambatan dalam Membuat Keputusan
Ego in Decision Making
• 1/3ego drove the decision
• 81% edict or persuasion drove the
decision
• 2/3never explored alternatives once
they made up their minds
- Dr. Paul Nutt, Why Decisions Fail
43. Kekuatan x Ego = Kelemahan
• Confidence (percaya diri)
• Quickness (kecepatan)
• Sharp wit (bijak)
• Determination
• Dedication
• Commitment
• Perseverance (tekun)
• Persuasive
Sense of infallibility (tidak merasa bersalah)
Overhastiness (terlalu terburu-buru)
Abrasiveness (pembawaan kasar)
Inflexibility
Workaholism
Intolerance
Resistance to change (kaku)
Manipulation
- Adapted from The Paradox of Success by John O’Neil
Hambatan dalam Membuat Keputusan
44. Influencing do’s
Try to understand the other person
Listen and show you are listening
Know yourself
Ask open questions
Create rapport
Let people find their own solutions
Stay open to being influenced yourself
Create common ground through your
enthusiasm
Influencing don’ts
Start with a fixed position that you are
determined to defend
Interrupt the other person with your views
Talk more than you listen
Overly rely on facts, figures, logic, data
Make assumptions about the other person’s
motivation
Leave other people to guess what you want
Influencing Do’s dan Don’ts
(Jenny Rogers “Influencing Skills”)
45. Apa yang membuat keputusan
berkualitas?
Kewaspadaan dapat meningkatkan
kualitas keputusan. Kewaspadaan
yang dimaksud di sini adalah
adanya perhatian terhadap
prosedur pengambilan keputusan
yang benar
46. Strategi Umum Pengambilan Keputusan
Spontanitas
Memilih opsi pertama yang muncul dalam
benak/pikiran; tanpa menghiraukan adanya
pilihan alternatif lainnya
Patuh
Mengikuti aturan atau tata nilai atau kesepakatan
Penundaan
Menunda pemikiran dan tindakan sampai tinggal
terbatas beberapa opsi saja
Menyulitkan
Terakumulasinya banyak informasi sehingga
membingungkan dalam menganalisis opsi
Intensi
Memilih opsi yang dapat memuaskan secara
intelektual maupun emosional sekaligus
Hasrat
Memilih opsi yang memungkin untuk mencapai
hasil terbaik walaupun akan berhadapan dengan
resiko
Menghindar
Memilih opsi yang sebisa mungkin terhindar dari
hasil yang buruk
Keamanan
Memilih opsi yang kemungkinan cukup berhasil,
hanya membebani sedikit orang, dan diarahkan
untuk pilihan yang sedikit beresiko
Sintesis
Memilih opsi yang memiliki peluang terbaik untuk
berhasil dan paling disukai
47. Strategi Pengambilan Keputusan
Manajerial
STRATEGI OPTIMUM
Memutuskan memilih alternatif solusi terbaik dari sejumlah alternatif
STRATEGI KEPUASAN
Memutuskan memilih solusi yang telah memenuhi persyaratan minimum
(tidak harus sempurna atau seluruh alternatif dikaji)
STRATEGI QUASI KEPUASAN
Menggunakan bobot daripada menghitung satu per satu faktor atau variabel
penentu
48. 8 Elements of Smart Choices
Problem
Objectives
Alternatives
Consequences
Tradeoffs
Uncertainty
Risk tolerance
Linked Decision
PrOACT
Hammond, et.al., 1999. Smart Choices; A Practical Guide to Making Better Decisions
Kondisi dasar
(lingkungan) yang
menjadi perhatian
utama pada setiap
penetapan elemen
PrOACT
49. Problem
• Cara kita menetapkan problem
menunjukkan kerangka keputusan kita
• Solusi yang baik bagi penempatan
permasalahan suatu keputusan yang pas
akan menjadi smarter choice daripada
excellent solution untuk penempatan
permasalahan yang lemah
• Kelemahan utama dalam
memformulasikan permasalahan
pengambilan keputusan adalah sifat malas .
Oleh karena itu dianjurkan untuk senantiasa
kreatif dalam merumuskan solusi – ubahlah
permasalahan menjadi peluang ciptakan
alternatif kreatif
Langkah
• tanya: mengapa perlu membuat
keputusan?
• apa kendala dalam membuat
keputusan
• identifikasi elemen dasar dalam
membuat keputusan
• temu-kenali faktor terkait dengan
masalah
• rumuskan definisi permasalahan
yang aplikatif
• uji rumusan permasalahan dengan
pihak lain
50. The reason most people never reach their goals is that they
don’t define them… Winners can tell you where they are
going, what they plan to do along the way, and who will be
sharing the adventure with them.
– Denis Waitley
Objective
SMART Objectives…
Specific
Measurable
Achievable
Reach
Time-bound
Langkah:
1. Tulis seluruh hal yang menjadi
perhatian untuk mengarahkan
pada Objectives
2. Ubah perhatian2 tadi menjadi
Objectives
3. Bedakan antara hasil akhir dan
makna hasil, contoh atlit lari
mencapai garis finis di Olimpiade
4. Klarifikasi makna tadi menjadi
Objectives
5. Uji alakah Objectives tadi masih
tercakup dalam perhatian2 di atas
51. Alternative
“ Don’t box yourself in with limited alternatives”
Hammond, 1999
Kunci memperoleh alternatif lebih baik
• manfaatkan rumusan Objectives, tanyakan bagaimana mencapainya?
• kaji kemungkinan hambatan-hambatan
• tumbuhkan aspirasi
• gunakan pikirin sendiri terlebih dulu
• belajar dari pengalaman
• tanya pendapat pihak lain
• identifikasi alternatif-alternatif baru
• susun alternatif tersebut baru kaji/evaluasi
• jangan pernah berhenti mencari alternatif
52. Consequences
“ be sure you really understand the consequences of your
alternatives before make a choice”
Hammond, 1999
Susun tabel konsekuensi:
1. Siapkan mental anda untuk kondisi masa
yang akan datang
2. Buat jabaran ‘free-form’ konsekuensi untuk
setiap alternatif
3. Hindari / kurangi setiap alternatif yang
kurang menguntungkan berdasarkan
kajian konsekuensi
4. Organisir jabaran konsekuensi dari setiap
alternatif terpilih
53. Tradeoffs
“ Decision with multiple objectives can not be resolved
(ditetapkan) by focusing on any one objective”
Hammond, 1999
• Bandingkan konsekuensi dan alternatif
kemudian tetapkan atau kurangi
sejumlah pilihan yang tidak
menguntungkan.
• Tradeoff merupakan pilihan atas
perbandingan masing-masing alternatif
dan konsekuensinya yang dinilai atas
dasar objectives
54. Kelebihan Kekurangan
Berbagi pengalaman dan
keahlian dari beberapa individu
Lebih banyak data, informasi,
dan pengetahuan yang
terakumulasi
Masalah dipandang dari
berbagai sektor
Lebih banyak anggota yang
dapat memperoleh kepuasan
Lebih banyak dapat diterima
dan sepakat dengan keputusan
yang diambil
Butuh waktu lebih banyak
Ada dominasi minoritas
Ada kecenderungan kompromi
Ada kecenderungan anggota
grup lebih terkonsentrasi pada
kepentingan individual dari
tujuan kelompok
Tidak terhindar dari tekanan
sosial
Ada kecenderungan lebih
sebagai kelompok pemikir
(bukan pengambil keputusan)
Group decision making is becoming more common as
organizations focus on improving customer service and push
decision making to lower levels.
55. Guidelines for Decision Making
by Richard Denhardt
• Jaga komitmen dalam proses pengambilan
keputusan; manfaatkan komitmen ini dan biarkan
data/informasi yang terpercaya bukan emosi yang
mengarahkan keputusan
• Dapatkan asupan dari staf, khususnya yang
berkaitan dengan permasalahan kerja yang
bersangkutan, sebelum membuat keputusan
kunci
• Hindari sebisa mungkin pola pengambilan
keputusan ‘top-down’
• Yakin terhadap dukungan kelompok pengambil
keputusan dalam organisasi
56. Teknik yang digunakan untuk menghasilkan “Quality in Group
Decision Making”
• Brainstorming
membuka segala kemungkinan pemikiran tanpa harus dievaluasi
• Nominal Group Technique
suatu proses rancangan struktural untuk mensimulasi secara kreatif ‘group decision making’
manakala ada kelemahan dalam pencapaian kesepakatan atau ada kelemahan penguasaan
pengetahuan terhadap permasalahan yang dihadapi dari para anggota
• Delphi Technique
Suatu teknik analisis yang digunakan untuk memprediksi keadaan masa depan tanpa harus
melibatkan pertemuan dengan ‘group decision making’ secara langsung (tatap muka)
• Devil’s Advocacy Approach
seseorang atau subkelompok diutus untuk mengkritisi rumusan tindakan dan
mengidentifikasi permasalahan yang perlu menjadi perhatian sebelum adanya keputusan
final
• Dialectical Inquiry
Approaches a decision from two opposite points and structures a debate between
conflicting views
57.
58. Problems Objectives Alternatives Consequences Tradeoffs
TABEL PROSES SMART CHOICE(S)
Kasus: Kenaikan gaji (take homepay) sebesar 200%, bagaimana dan kapan ?
BEST CHOICE:
59. Referensi:
• Raymond, dan George P. Schell, (2007) “Sistem Informasi Manajemen”,
Penerbit Salemba Empat, Jakarta.
• Kenneth C. Laudon dan Jane P. Laudon, (2014), “Sistem Informasi
Manajemen; Mengelola Perusahaan Digital”, Penerbit Salemba Empat,
Jakarta.
• James A. O’Brien dan George M. Marakas, (2014), “Sistem Informasi
Manajemen”, Penerbit Salemba Empat, Jakarta.
• ----------------------------------------------------------------------------, jilid ke dua.
This chapter focuses on the information systems that support decision-making in a firm and discusses the value of improved decision-making in an organization. Ask the students to describe different types of decisions and whether some types of decisions are less valuable than others. What types of decisions, in a work framework, have students encountered in their own employment situations? Ask students to describe some of the decisions they made on their last job. How did they use information systems to help make those decisions?
This slide discusses the chapter opening case on the use of business analytics software by major retailers to find patterns in sales data and improve product offerings and price points to improve sales and profitability. The case offers the example of 1-800-Flowers use of analytics software from SAS Inc. to record and analyze buyer profiles to help improve targeting of its product, determine what “specials” to offer, plan sales and marketing strategies, and ultimately improve the conversion rate of browsers to buyers by 20 percent. Ask students if they have noticed day-to-day (or faster) variations in prices on Internet goods. Do prices change ever that quickly at “bricks and mortar” stores?
This slide discusses the importance of improved decision-making and describes the three types of decisions that are made in an organization. Table 12-1 in the text illustrates how a small decision made hundreds of times a year can be just as valuable as a single decision made once a year. For example, the decision to schedule production to fill orders, made 150 times a year, with a value of $10,000 if this decision is improved, can mean an annual value of $1.5 million. The different levels in an organization tend to make different types of decisions, and require different types of support to make these decisions. Ask students to provide examples of each type of decision. Give students examples of decisions and ask what category the decision fall into and why.
This slide describes the types of decisions being made at the different levels within an organization. Semi-structured decisions contain a portion that is unstructured and a portion that is structured. Which portion, of the example question for middle managers, is structured and which is unstructured? What would make this question a fully structured question? Ask students to come up with additional examples of decisions at the executive, middle management, and operational levels of the organization, for companies they have worked for.
This figure provides an illustration of how the nature of decision making changes as you move up, and down, the corporate hierarchy. There are of course exceptions. Some senior managers like to take a hands-on approach to daily operations.
This slide describes the process of decision-making as a series of four stages. It is important to note that if an implemented solution doesn’t work, the decider can return to an earlier stage in the process and repeat as needed. Give the students an example decision, such as, “What college should I apply to?” and ask them to describe the actions taken at each of the four stages.
This graphic illustrates the four stages of decision making introduced in the previous slide, emphasizing that steps can be repeated as needed, depending on the outcome at each stage.
This slide discusses the idea that, while information systems can assist in making decisions by providing information and tools for analysis, they cannot always improve on decisions being made. Ask the students to provide examples of decisions that an information system might not be able to assist in. Is there any similarity among these example decisions, and what does this say about the types of decisions an information system can help with?
You can understand the complexity and breadth of some of the decisions being made within an organization by looking at the activities of its managers. While the classical model of management sees five functional roles of managers, real-life observation of managers sees far more complexity in managerial activities. Ask the students to recall the five attributes listed in the book as differing greatly from the classical description. (1) Managers perform a great deal of work at an unrelenting pace (2) managerial activities are fragmented; lasting for less than 9 minutes (3) managers prefer current, specific, ad hoc information; (4) managers prefer oral forms of communication and (5) managers give high priority to maintaining a complex web of contacts as an informal information system. Ask students to explain attributes 3, 4, and 5.
This slide expands on the behavioral model of managers and describes Mintzberg’s behavioral model of managers which defines 10 managerial roles that fall into three categories. Ask students to give examples of activities for each role. Which of these roles can be assisted by information systems and which cannot?
Even in decision-making situations that can be helped by information systems, the information system may fail in helping to solve the problem or lead to a better decision. This slide describes the three main reasons why investments in information systems do not always produce positive results. What is meant by information quality? The text lists seven quality dimensions: accuracy, integrity, consistency, completeness, validity, timeliness, accessibility. Ask students to identify and/or describe these dimensions?
Ask students to provide an example of what a management “filter” might be. Have they ever witnessed someone in a managerial position be unable to recognize or handle a problem because of a “filter” they are using (but don’t even know it)?
Ask students why people within an organization would resist using an information system.
This slide looks at the growth of systems for executing high-velocity decision-making, such as financial trading programs. A second example is Google’s search engine. What types of problems lend themselves to this type of system? Ask students what other activities would benefit from humans being taken out of the decision making process.
This slide introduces the concept of business intelligence and analytics. The text gives the example of Hallmark Cards, which uses SAS analytics software to analyze buying patterns and determine the most effective marketing plan for different types of customers. For example, which customers would respond best to direct mail or email, and to what types of messages. It is important to understand that business intelligence and business analytics are products defined by hardware and software vendors. This is also one of the fastest growing segments in the U.S. software environment. Ask students why this might be so.
This slide looks at the six main elements at play in business intelligence. Ask students what is meant by managerial users and methods and why this is important. (Managers impose order on the analysis of data using a variety of managerial methods that define strategic business goals and specify how progress will be measured. Without management oversight, business analytics can produce a great deal of information that focus on the wrong matters and divert attention from the real issues. As the text notes, so far, only humans can ask intelligent questions.)
This graphic looks at the different elements in the business intelligence environment; from left clockwise: Data, infrastructure, toolset, managerial users, platform, and user interface. This is an overview highlighting the kinds of hardware, software, and management capabilities that the major vendors offer and that firms develop over time.
This slide looks at the main functionalities of business intelligence systems. Parameterized reports are reports that can be adjusted to reflect user-defined parameters. The text gives the example of viewing a report by region and time of day to see how sales vary by these parameters. Ask students what is meant by drill down and give an example (the ability to move from a high level view summary to a detailed view.) For example, a summary view might present the total numbers of products by category sold world wide. Drilling down, views might go to products sold at national, regional, and local levels, and down from product categories to single products and product versions.
This slide continues the look at how business intelligence is used today, in this case, who uses business intelligence?
By far the greatest number of users are managers relying on production reports of varying types (Table 12-5 lists a variety of prepackaged reports for the different business functional areas). (The next slide’s graphic illustrates the different categories of user.)
This graphic looks at the different types of users and what they use BI applications for. On the left, power users (users who rely on BI most intensively) are broken into four main categories, with each category placed beside the types of reports it uses most. On the right, casual users are also broken into various categories and placed along the types of capabilities used most. For example, senior managers rely most on parameterized reports and dashboards. Ask students if they have ever used BI reports in a job setting.
This slide looks at various additional examples of BI applications. The text gives the example of FedEx using predictive analytics to develop models that predict how customers will respond to price changes, and has been giving an accuracy of 65 to 90%. Ask students if there are any disadvantages to predictive analytics.
Ask students for any examples of data visualization tools they have come across. An example might be tag clouds used for topic navigation on the Internet – the larger the tag, the more popular the category. Note that BI is also used in the public sector for analyzing data and determining public policy, such as allocating school resources, an example discussed in a chapter case.
This slide looks at the options a firm has in purchasing BI and BA applications. There are advantages and disadvantages to both options – in one case a single vendor might be easier to deal with, but harder to switch. Using multiple applications means that each solution might be more specifically suited to your business, but may pose difficulties when integrating with hardware or other software. The text points out that the marketplace is highly competitive and “given to hyperbole,” and managers will need to carefully examine the software’s capabilities in light of needed expenditures.
This slide presents discussion questions regarding the case study on the use of data analysis by schools. The case describes student performance data being analyzed to make instructional decisions as well as evaluate teacher performance. Ask students what their thoughts are on the increased reliance on data-driven systems in evaluating student and teacher performance. What are the disadvantages to this?
This slide and the next several slides discuss the systems used by different levels in a firm to aid decision making. Ask students to recall what types of decisions operational and middle managers make. Ask how TPS systems fit into this picture (MIS produce standardized reports based on data from TPS).
This slide looks at the decision support systems used for the semi-structured decisions made by the business analysts and “super users” identified on the previous slide and outlines a variety of analysis methods that are utilized. Ask students to give examples of the different types of analysis. Remind students that DSS are business intelligence systems. The text cites the example of Progressive Insurance which uses business intelligence to identify the best customers for its products.
This graphic illustrates the results of a sensitivity analysis of changing the sales price of a necktie – it answers the question, “What happens to the break-even point if the sales price and the cost to make each unit increases or decreases?”
This graphic shows the same Microsoft Excel spreadsheet with a PivotTable with two dimensions – it shows where customers come from in terms of region and advertising source.
This slide looks at the business intelligence used by senior management. These executive support systems utilize some type of methodology to determine which information affects the profitability and success of the firm and how this information can be measured. One popular methodology is the balanced scorecard method. Another popular method is discussed on a following slide. Ask students how the scorecard itself is determined (A scorecard is developed by consultants and senior managers).
This graphic depicts the balanced scorecard methodology that many managers use to measure the performance of their business, and to understand how firm strategies are impacting the four dimensions of interest. For each of these dimensions performance is operationalized by identifying key performance indicators for that dimension.
This slide continues the discussion of business intelligence used by senior managers. Another methodology used by ESS, similar to the balanced scorecard method but with a stronger and more explicit emphasis on corporate strategy, is BPM. Ask students to describe what drill-down capabilities are and why is this important. It is important to note that information systems today allow for real-time management – information gathered on the factory floor is transmitted and summarized within hours and seconds for executive dashboards.
This slide presents discussion questions regarding the chapter case on Valero, the largest oil-refiner in the U.S., which implemented a state-of-the-art Refining Dashboard to display real time data allowing managers and executives to monitor the performance of the firm’s 16 refineries. Valero’s management estimates that the dashboards are saving $230 million per year at the 16 refineries where they are in use. However, Valero’s stock price plummeted in 2010 because of a drop in demand for petroleum products – showing that a powerful and successful dashboard does not guarantee profits even though it may increase the efficiency of operations.
This slide discusses GDSS, another type of system that supports decision-making. What types of problems might a group encounter when trying to make a decision as a group? What kinds of decisions might need to be made as a group? Increasingly, GDSS uses a virtual meeting or telepresence capability rather than physical group decision rooms which were used when these techniques were first developed.