Question

• How can your company/Industry benefit from a Decision Support System (DSS)?
• the company i choose is FORD MOTORS
• Description of the industry and/or specific company
• Overall size
• Market Share
• Annual Income
• Geographic footprint

Answer 1

Solution for the problem is provided below:

Decision Support System benefits for a company:

Here we choose the Ford motors company to analyse how Decision Support System(DSS) can improve the company output and other measures. The Ford Motors is a well-known auto mobile company that has reach all over the world by various automobile products.

The decision support system is computerized data analyses system that is used to produce comprehensive reports that can be used to improve the business in various aspects. The report helps the human users to make decisions at a fast pace to get the full use of it.

The size of the company determines the data set that is available for the decision support system analysis use. Bigger the size data return the better results to make a decision. Thus higher the chance to get the decision success.

The market share of Ford in US and various other global markets determines the possibility of DSS and its results implementation. The larger the market share the implementation of new decisions should be very careful since the negative impact will affect the market share very badly. Thus the market share determines the implementation of DSS decisions. The market share increase is a main aim of any company. This market share increase could be possible with the right strategy implementations. This strategies can be make from the report of decision support systems.

The Annual income determines the profit of the company and it needs to be increased, the annual income increase is always the results of perfect strategies implementation there by increase the sales. The effective strategies need to be implemented to increase the annual income effectively can be obtained from the decision support system report.

The geographic footprint is determined by the global distribution of the business. More the area covered by the company increases the geographic footprint of the company. The strategies to be implemented in various regions varied based on the local factors. For example the strategies need to be implemented in Asian and European markets are different. This various strategies can be obtained from the data analyses through DSS.