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Decision Support System
Article by Govindam Business School
Define Decision Support System. Explain its characteristics and need. A decision support system is an information system application that assists decision making. DSS tends to be used in planning, analyzing, alternatives and trial and error search for solutions. A DSS as a system that provide tools to managers to assist them in solving semi structured and unstructured problems in their own. In other words, A DSS is an information system that support to managers for decision making. DSS is the intellectual resources of individuals with the capabilities of the computer to improve the quality of decision. A DSS can be defined as a computer based information system that aids a decision maker in taking decisions for semi-structured problems. Definition of DSS: – “A decision support system is a specialized kind of information system which is an interactive system that supports in the decision making process of a manager in an organization especially in semi-structured and unstructured situations. The system utilizes information, models and data manipulation tools to help make decisions in semistructured to unstructured situations. As a conclusion we can say that-”Decision Support System is an interactive, computer based system which supports managers in making unstructured decisions.” Characteristics of DSS:- The characteristics of the DSS are as follows: -1. DSS focus on towards providing help in analyzing situations rather than providing rightinformation in form of various types of reports.2. DSS is individual specific. Each decisions maker can incorporate his own perceptionsabout the problem and analyze its effect.3. DSS incorporates various mathematical, statistical and operations research models.4. DSS is only supportive in nature and human decisions makers still retain theirsupremacy. It does not thrust its outcomes on the decision maker. 5.DSS is effective in providing assistance to solve semi-structured problems at all levels. It is used at first line, middle level and top level management. 6. DSS needs an effective database management system. It is extensively usesdatabases.7. DSS helps decisions makers to carry out ‘What-if” analysis.The ideal characteristic of DSSObjectives of DSS: -The objective of the DSS are as stated below: -1. Provide assistance to decision makers in situations which are semi-structured.2. Identify plans and potential actions to resolve problems.3. Rank among the solutions identified, those which can be implemented and provide alist of viable alternatives.Needs of DSS:-DSShavebecomenecessaryfortoday’smanagerbecauseoffollowingreasons: -1. Fast computation: – A decision maker can perform a large number ofcomputations very quickly and that too at a low cost with the help of computersupport systems.2. Enhanced productivity: – Decision support system can enhance theproductivity of support staff and also enable the group members to discuss theproblems among themselves as a distance.3. Better decisions: – Computer support system can help a decision-maker inarriving at a better decision. For example, more alternatives can be evaluated,risk analysis be performed quickly, and views of experts from different placescan be collected quickly and at a lower cost.4. Data transmission: – Sometimes the data, which may be stored at differentlocations, may be required to be transmitted quickly from distant locations.Computer support system can search, store, and transmitted the required dataquickly and economically.govindam business school
About the Author
Govindam Business School offers you an unparallel opportunity to study at advance level, to work with in a challenging, stimulating and rewarding environment, to develop skills and competencies which will last throughout life.govindam business school
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Outsourced business development
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Outsourced business development
Contrary to what a lot of people think, lead generation does not only involve telemarketing or cold calling prospective buyers. There are actually quite a number of methods that can be employed to “generate leads”– that is, to pique the interest and entice consumers to avail of your products and services. That said, if you are thinking of taking advantage of outsourced lead generation services, do not just go for a company that provides its clients with a virtual sales team that will be conscientious for cold calling sales leads. There are a lot of outsourced lead generation services that you can avail of to improve the performance and hasten the increases of your enterprise. Below are four of these that you should not miss out on.
Creation of Web Content
It is common knowledge that the more relevant and informative the content of your website is, the more likely that it will attract more visitors. It follows, then, that a website that offers valuable and useful information to consumers will generate more leads compared to one that only displays a list of products and services. Case in point: if a visitor found one of the articles in your site particularly helpful, the probability that he or she will opt-in to receiving updates from you or subscribe to your newsletter is higher.
Search Engine Optimization
Aiming to totally understand and effectively implement SEO is a challenge for most entrepreneurs. If you have little to no knowledge about this marketing technique, it would do you well to outsource this lead generation service.
Social Media Optimization
One of the most competent ways to generate results for your business involves making use of various social networking sites to promote your products and/or services and increase your business’ visibility. While SMO or social media optimization is easy to do, it takes a huge amount of effort and is time-consuming. As such, instead of channeling your resources to doing this method, you should consider outsourcing it to a company that specializes in lead generation.
Website Development
Studies have shown that firms that have experienced high growth have a common element– they update their websites regularly. The explanation for this is simple: as a consumer, you put more trust in and are more likely to buy a product from a company that makes an effort to improve the look and bring up to date the content of its website than in one that appears stagnant and features outdated information. Given this, if you do not have a team that can maintain your website, consider outsourcing this service to generate more leads to your business.
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William Hoffman heads the Globe Financial Forum’s Telecommunications Industry Group, where he supports a global community of sector partners in addressing some of the world’s most pressing challenges. Along with his perform associated to mobile financial services, places of focus at the Forum include a cross-industry initiative on individual information and the scaling of mobile well being solutions. Moreover William leads the Info and Communications Technology Industry Agenda Council, a community of 19 of the world leaders in ICT. Prior to joining the Planet Financial Forum, William was the Director of Enterprise Marketing at AT&T. With extensive knowledge in the communications industry, he has a broad background with emerging technologies and strategic organizing.
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Should certainly Survive Concerning is central to your programs Outcomes – eVSF
Outsourced business development
Source: entrepreneur-inspiration.com via Kristine on Pinterest
Outsourced business development
Contrary to what a lot of people think, lead generation does not only involve telemarketing or cold calling prospective buyers. There are actually quite a number of methods that can be employed to “generate leads”– that is, to pique the interest and entice consumers to avail of your products and services. That said, if you are thinking of taking advantage of outsourced lead generation services, do not just go for a company that provides its clients with a virtual sales team that will be accountable for cold calling sales leads. There are a lot of outsourced lead generation services that you can avail of to improve the performance and hasten the emergence of your company. Below are four of these that you should not miss out on.
Formulation of Web Content
It is common knowledge that the more relevant and informative the content of your website is, the more likely that it will attract more visitors. It follows, then, that a website that offers valuable and useful information to consumers will generate more leads compared to one that only displays a list of products and services. Case in point: if a visitor found one of the articles in your site particularly helpful, the probability that he or she will opt-in to receiving updates from you or subscribe to your newsletter is higher.
Search Engine Optimization
Trying to perfectly understand and effectively implement SEO is a challenge for most entrepreneurs. If you have little to no knowledge about this marketing technique, it would do you well to outsource this lead generation service.
Social Media Optimization
One of the most powerhouse ways to generate results for your enterprise involves making use of various social networking sites to promote your products and/or services and increase your business’ visibility. While SMO or social media optimization is easy to do, it takes a huge amount of effort and is time-consuming. As such, instead of channeling your resources to doing this method, you should consider outsourcing it to a company that specializes in lead generation.
Website Development
Studies have shown that firms that have experienced high growth have a common element– they update their websites regularly. The explanation for this is simple: as a consumer, you put more trust in and are more likely to acquire a product from a company that makes an effort to improve the appearance and bring up to date the content of its website than in one that appears stagnant and features outdated information. Given this, if you do not have a team that can maintain your website, consider outsourcing this service to generate more leads to your business.
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Google Social Signals
Inbound Marketing and Sales>
Massive Sales Results @ 1/2 the investment
eVirtualSalesForce
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The Expert’s Guide to Becoming a Forex Currency Master
Article by Michael Sankowski
Copyright (c) 2012 Trend Following 101
The first step in mastering the Forex currency market is knowing which currencies to trade…
Here are The Best Currencies to Trade
The G-7 or “major” currencies are, without a doubt, the best currencies to trade. These countries are the largest and most economically-advanced in the world and their currency markets are the most liquid. A huge majority of currency trading happens in the majors, so start trading these currencies first:
• U.S. Dollar • Euro • Japanese Yen • British Pound • Swiss Franc • Canadian Dollar • Australian Dollar
Here are the Currencies to Avoid
When you’re just starting out trading currencies, don’t trade any currencies outside of the major currencies. The currencies outside the “Majors” are known as “Exotics” and they tend to crash without warning. To avoid losing a ton of money, avoid the exotics.
I still focus on the majors after years of trading. There is plenty of opportunity to make truckloads of money so you’d don’t have to aim to be “exotic” to make money.
You Can Get Your First Winning Forex Currency Trade on Your Very First Day!
Some of the trades I’ve recently recommended for my GenerateFX Trading System have been winners from the very first day. Follow the trade recommendations carefully — I put a huge amount of research and thought into this. I wouldn’t recommend it if I hadn’t.
How do You Evaluate How Much to Put in Each Currency Trade?
This is one of the most important topics in trading. Ever hear of “Risk Management? That’s what I’m talking about. Most people risk way too much in each trade. Most professional traders risk 1% of their equity per trade… it is the only way to insure that you can always have capital on hand to make another trade. I recommend putting less than 5% of your trading equity in each trade. Even with this level of risk, be careful.
How to Enter a Position for Maximum Gains
The best way to enter a trade is when it meets several criteria for being a successful trade — not only one or two criteria. When a trade has fundamental and technical support, short- and long-term sentiment, and momentum going for it, then the odds of a successful trade go up dramatically. Situations like this happen frequently in the currency markets, and when they do, large gains can be made.
How to Track Your Trades in Just Five Minutes a Day
Many people fall into the habit of “checking” the markets constantly. They will pull up prices on their computers, pull up short-term five-minute charts, and watch the market move trade by trade. Please don’t do this. It doesn’t help trading at all — it may even be counterproductive.
You can’t make the market go your way any faster by watching it closely, and obsessing over the markets does not help you make objective decisions about making trades. Of course, you’ll want to be watching your trades, but watching them too closely doesn’t help.
I recommend checking the markets every morning for just a few minutes, getting on with your life during the day, and then checking them again in the evening. When you get a trade recommendation from me, act on it immediately. If you are in a place where you cannot act on the trade recommendations immediately, get a broker who can execute them for you.
Beyond that, you don’t need to do anything more with the markets. I spend my days researching, thinking through scenarios, and analyzing the markets so you don’t have to. When you get a recommendation from me, know it has the full weight of my best thinking behind it, and 15 years of market experience.
The WORST Day of the Week to Enter a Forex Trade
Saturday is the worst day to enter a trade. The Forex currency markets are always open, but at different times of the week there are different levels of liquidity. During the workweek — that is, from Sunday night (Asian Week Open) to Friday at 5 p.m. ET — the markets are liquid. As a result, the prices you get on trades are reasonable.
But on Saturday and Sunday morning, the markets are not liquid. But on many Forex platforms, you can still place a trade. You’ll get a terrible price — and make some bank trader overjoyed as he rakes in the bucks — but you can place a trade.
This is why I avoid trading on the weekends, and Saturday in particular.
How to Exit a Position for Maximum Gains
I put profit targets on nearly every recommendation. The secret to exiting correctly is in sticking to a system. When you have clear profit targets backed up by research, exiting becomes easy.
Trading is as much about the exits as the entries. Having a great trading idea or a great entry to a trade is exciting, so many traders do not focus on the exit when they do have an open profit. But the exit is how you put money into your account.
I put profit targets on my trades, but I also have fundamental reasons for trades. If the fundamentals of the trade change in a negative way, I’ll get out before it reaches the profit target.
It is important to know that traders have been making money for centuries. There will always be another opportunity to make money in the markets, so take your profits, stick to the system, and wait for the next good opportunity.
Three Industry-Leading Investment Websites That (as a Currency Trader ) You Must Know About!
The three websites I look to every day for currency trading are all related to data. I’ve found that most commentary about the currency markets is based on wildly inaccurate assumptions.
1. Bloomberg and economic calendars:
Bloomberg Markets and the Wall Street Journal 2011 Economic Calendar: There are lots of economic calendars out there, but Econoday.com has the best ones. Bloomberg is a must-read, and the more technical articles tend to be filled with links to interesting data.
2. Chicago Mercantile Exchange website with currency prices:
CME Group E-quivalents: Here are the current market prices for both Futures and Cash FX, options price information including volatility, and prices on almost every commodity traded in the United States — including gold. The CME runs an incredible site.
3. The St. Louis Federal Reserve Economic Data (FRED) — it has almost everything:
Federal Reserve Economic DataThis is a gold mine of economic information, and you can create excellent charts with it.
So you’re now ready to start living the big life as a currency trader! Best of luck to you and let me know when you purchase your private island… I can use a vacation!
About the Author
Michael Sankowski’s findings often lead him to tremendous moneymaking opportunities that you won’t find on the front pages of The Wall Street Journal or any other financial news outlet. He makes enough money from sharing these hidden opportunities that he doesn’t punch a time clock anymore. You can too. Find out more at http://www.trendfollowing101.com
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Fathom Communications Teams with Pro Motion for Gatorade G-Series™ Launch Creates Mobile Locker Room to Tension Value of Appropriate Hydration for High School Athletes Across the US ST. LOUIS (April 7, 2010)— Where do you turn when you want a high-tech mobile locker room more than half the length of a NBA basketball court and a lively, enthusiastic staff to make it come to life? To St. Louis-based experiential advertising firm Pro Motion Inc., according to Fathom Communications. The New York firm not too long ago was tapped by Gatorade to unveil its new G-Series line of high-performance hydration beverages to high school athletes all through the US, and Fathom in turn enlisted Pro Motion for on-the-ground production and implementation. The results — a 53′ double expandable trailer fashioned into a fully functional mobile locker space — recently wowed hundreds of athletes at St. Louis’ Kirkwood High School and will be traveling to high schools in eight extra cities about the country more than the subsequent couple of months. Pro Motion managed the production and ongoing staffing of the G-Series Locker Room with the target of giving high school athletes a glimpse into the life — and healthful nutritional habits — of high-performing elite athletes. The mobile locker area attributes 20 huge lockers, a 63″ intelligent board for “chalk talks,” two Fluid Loss Testing stations to underscore the value of correct hydration, and blogging stations, as properly as six monitors with DirecTV and X-Box 360 …
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How To Select An Ideal Web Conferencing Service
Article by Alexander Ehrenzweig
Web conferencing is here to stay. There are so many options and choices. The internet has many websites devoted to video conferencing. And companies in the conferencing business have a variety of options for customers. Web conferencing facilitates conducting live meetings over the internet.
Choosing a web conferencing service is not easy. What you need to do is first read about web conferencing and determine your individual need. Then weigh the pros and cons of different offers. Experts recommend that you undertake a comparison shopping exercise. Compare the packages on offer from leaders in the field like WebEx, PlaceWare, Microsoft Office Live Meeting, and more.
Learn about the standards set for web conferencing by XCON: Centralized Conferencing Working Group. And choose a web conference provider with care.
Tips:
* Experts recommend avoiding the “price/use” formula. Choose a flat rate for a specified number of users. The ideal choice is one that allows you to meet as often as you need over the internet without paying for time used.
* Make an informed choice and insist on VoIP. Only this allows real-time meetings with presentations and so on. Telephone based web conferences are cumbersome.
* Choose a service that has IM, file sharing, and secure storage. Think future requirements not just the present. Choose a web conferencing provider who keeps abreast with the latest innovations in technology.
* Determine the actual global reach of the web conferencing vendor. Check facts for yourself and never depend on hearsay or brochures. Does the vendor have localized operations in far away countries like India, Japan, China, and Korea and so on or is he just US based.
* Choose a web conferencing vendor who is established in the business and has great user-friendly documentations. A web conferencing vendor must have 24/7 world wide customer service as well as trouble shooting facilities.
Never sign a contract before a trial. Ask for a free trial and determine how user friendly and efficient the service is. Be sure to check the features offered: VoIP, file sharing, instant messaging, dedicated technical and customer support, online FAQs, blogs, and forum for sharing problems and finding out solutions. Experts and the Macromedia whitepaper recommend that a web conferencing solution should: fit your budget, be compatible with your office computer and internet systems, and the conferencing tools must be user friendly. An ideal web conferencing company will not just push their product but make honest efforts to determine your needs before suggesting solutions. The bottom line should be not just a sale but a long term commitment to sustained service.
Make a market survey, take recommendations and quotes from at least three providers. Check for yourself the references they give. Make a list of questions and seek answers to them. Do in depth background checks on the web conferencing online services before you sign any contracts. Before you sign or make payments ensure that the web conferencing service is truly suitable to your company’s needs.
About the Author
Alexander Ehrenzweig is a retired Video Conference Agent and a writer for Online Video Conferencing, the premier website to find free search for video conference, video conference equipment, video conference solution, internet video conference, web video conference, rent video conference, video conference system, free video conference and many more.
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