Effects of Systems of Business

The “Decision Support Systems (DSS) are a specific class of computerized information system that supports business and organizational decision-making activities. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from raw data, documents, personal knowledge, and/or business models to identify and solve problems and make decisions” (2012) website Insert the paraphrased material.

“Innovative DSSs create and help sustain competitive advantages. DSSs reduce waste in production operations, improve inventory management support, investment decisions, and predict demand. The model of a DSS consists of a set of formulas and functions, such as statistical, financial, optimization, and/or simulation models” (Turban, Volonino, & Sipior, 2011, Chapter IT Infrastructure and Support Systems 2010). Some of these systems will also evaluate different scenarios in order to analyze the risks that the company will take and how it will affect the company’s interests. This could represent some challenges for the company because these systems will always go for the less risky solutions. This means that if the company follows the system all the time they may be losing business opportunities for not taking risks.

Management information systems (MIS) refers to basic reporting systems that convert raw data into more meaningful information used by managers and employees. Information is an organization’s most important asset, second only to people." Management Information System needs to have computers, information and personnel in order for it to work. Since the Management Information System stores virtually everything that has to do with the company, this allows personnel to refer to it when they need to find different types of information about the company. For example readiness, financial statuses, marketing, personnel, supplies etc. In the long run a well implemented MIS will allow the company to generate...