ABOUT US
DECISION SUPPORT SCIENCES: OUR PRIMARY DIFFERENTIATION
Decision Support Sciences (DSS) is a marketing-science-based consultancy founded in 1990. Our central mandate is to deliver BOTH higher short-term profitability AND sustained competitive advantage for our clients. Two things, however, differentiate us from other firms:
First, to achieve BOTH these goals we listened to our clients. They told us a mouthful! Traditional market consulting was, in their words, "too often wrong...too costly...too infrequent...and too proprietary." Our clients wanted world-class insight...but done LEAN; cheaper, better, continuously...and theirs.
Second, this called for a new category of developing critical strategic insight - a category we term DECISION SUPPORT ENABLEMENT (DSE). In short DSE addresses the nine core business issues that every firm must address to achieve sustained competitive advantage - but DSE achieves that advantage in a wholly re-engineered way. Our method? The DSS Design Cycle (see below). The result? For each of these nine business issues we deliver world class insight done LEAN (cheaper, better, continuously and yours. )
The benefits of Decision Support Enablement?
The end game? Advanced, fact-based marketing insight... that IS better. Because we listened.
WHAT WE DO
HOW WE DO IT
DSS: BY THE NUMBERS
HISTORY
INDUSTRY LEADERSHIP
AWARDS / RECOGNITION
QUOTES
EXECUTIVE TEAM
ASSOCIATES
CLIENTS
VIDEO
CENTER
CONSULTING
PLATFORMS
SOFTWARE
SOLUTIONS BY INDUSTRY
WHAT WE DO
What we do is simple to describe. Business strategists recognize that firms must address NINE core business issues to achieve sustained competitive advantage; innovation, positioning, product design, product line optimization, new customer acquisition/prospecting, customer satisfaction, predictive analytics, and market segmentation. For each of these nine core business issues Decision Support Sciences has developed industry-leading consulting protocols, decisioning platforms, and decision support-based software.
HOW WE DO IT
Our decision support protocols (approaches), platforms, and software are outcomes of the DSS design cycle. That continuous improvement cycle began 25 years ago....and continues today. It has three steps:
First, we identify the LIMITATIONS of the conventional approaches used to address these eight core business issues. Our primary tool was (and is) root cause analysis (RCA.) RCA is a principled, formal, sequential, iterative approach that finds the most critical root causes that block break-out business performance and sustained competitive advantage.
Second, for each of the limitations identified above, we identified the smallest number of most critical CHANGE STATES that eliminated those root causes. The most critical differentiation of our approach? For each root cause we a) scanned the applied and theoretical mathematical literature and b) developed decision support systems that "backfill" critical missing data AND analyze that data four ways (descriptively, inferentially, predictively, and causally.)
Third, we recognized that clients differ in their appetites and budgets. Accordingly, we re-engineered how those solutions were delivered. You get the same eight core business issues but delivered YOUR way; as consulting (we do most of the work), decisioning platforms (we partner together) or decisioning software (you do most of the work.) Or any combination.
Eight solutions. Three deployment modes. Three pricing tiers.
It's your call. Like it should have been all along.
DECISION SUPPORT SCIENCES: BY THE NUMBERS
60
18
50
40
32
5
50
Conference Papers or Key Notes
Countries Where We Have Performed Research
Major Projects in Financial Services
Proprietary Decision Support Platforms
Historic Average Banking ROI Multiple
Associates (Full and Part Time)
Major Alliance or Technology Partners
HISTORY
(Click the minus or plus buttons to review at your own pace.)
1990
1992
1993
1995
1995
1996
1996
1998
1999
2000
2003
2004
2004
2007-15
2009
2015
1990
1990: Decision Support Sciences co-founded by James. A. Libby
(DSS was originally branded as Market Advantage. We rebranded as DSS in 2004.)
1992
1992: SPSS (now IBM) licensed our first decision support platform, (PositionSolve) and distributed it worldwide as "Strategen."
1993
1993: Accenture engaged DSS to perform the analytics for its landmark National Retail Banking Buyer Value Study.
1995
1995: We launched our Financial Services Practice.
1995
1995: We completed the initial release of our data mining automation platform (MiningSolve). We then launched our Ultra-High Performance datamining practice. (MiningSolve is now BigDataSolve.)
1996
1996: DSS released SegmentSolve (see the review in the February 2003 issue of Quirk's Marketing Research Review Magazine.) SegmentSolve is the analytical linchpin of our Customer Segmentation practice.
1996-2004
1995-2004: We signed NDA or technology agreements with Bain, McKinsey, KPMG, PWC, E&Y, Cap Gemini, Manhattan Consulting Group and many other consultancies.
1998
1998: We launched our HealthCare Practice.
1999
1998: We launched our Retail Product Practice and gained clients such as McDonald's and one of the two largest beverage firms in the world.
2000
2000: Satisfaction Solve was upgraded to use apportioned expectation. This launched our Customer Value Maximization (CVM) Service Line.
2003
2003: We launched our innovation tool, Brand Vision. Complementing, PositionSolve, Brand Vision became the linchpin innovation tool within our Retail Positioning practice.
2004
2004: We developed our AIM Service Line (Which imputes [adds] the missing link of attitudes onto behavioral datamarts.)
2004
2004: DSS invited to present at Morgan Stanley's CTO Summit. This prestigious invitation-only summit is offered to the top 50 emerging technology firms worldwide.
2007-2015
2007-2015: DSS develops its first systemic functional linguistics (SFL) databases. SFL is useful for a wide set of applications including social media marketing, product life cycle (purchase, growth, etc.)
2009
2009: DSS inaugurated its not-for-profit business line.
2015-2016
2015-2016: DSS launches downloadable software and decision platform services. DSS now offers full Decision Support Enablement (DSE); insight YOUR way -- as consulting, platforms or software.
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TIMELINE
INDUSTRY LEADERSHIP
SOME OF OUR AWARDS and INDUSTRY RECOGNITION
(Place your pointer over the benefits to see the short description.)
While DSS has executed extensive engagements in healthcare, and retail our work has garnered attention in the financial services industry press. Some examples include the following:
James Libby, Managing Director of Market Advantage, was interviewed concerning DSS's newly developed attitudinal imputation technology, the engine that fills in the critical "missing link" in data marts: attitudinal and social data.
Banking Strategies Magazine
(Nov/Dec 1996, p. 198-204).
Accenture's Ken Ernst Innovation Award (KEIA) is one of the most prestigious innovation awards in the industry. In 1992-1994 Michael Elliott, partner at Accenture, designed the National Retail Banking Buyer Value Study (NRBBV) and engaged James Libby, principal at DSS, to design the research to achieve it. In that study Accenture employed three proprietary DSS-developed technologies for the first time in banking: 1) a multi-algorithmic approach to solving for buyer value utilities 2) a hierarchical cross business market simulator and 3) a multi algorithmic approach to identifying buyer value segments. That study resulted in Accenture's NRBBV team being awarded the Ken Ernst award in its inaugural year.
Market Advantage's CAP product research for First Union contributed to the success of that product's marketing plan. Not only that but in an entirely different project, Our channel migration research performed for First Union's "Consumer Re-engineering" initiative was one of the primary justifications in rationalizing First Union's massive call center, the largest in the industry.
Banking Strategies Magazine
(March/April, 1998, p. 26-28)
DSS's Service Quality research was referenced in Banking Strategies Magazine. In that article, Ken Stevens, Head of Retail at Bank One refers to the "Touchpoints" research which allowed Bank One to realign their product lines to better meet customer expectations. That core analytical engine that undergirded that research was DSS's market simulation modeling tool, ProductSolve™.
Banking Strategies Magazine
(Nov/Dec, 1998, p. 36)
The customer satisfaction research DSS deployed at First Union became one of the primary case studies in CCL's book Maximizing the Value of 360 Degree Feedback.
Maximizing the Value of 360 Degree Feedback (p.109).
In 1996, DSS began a series of seminars (500+ attendees) at BAI's annual retail delivery conference. In the first of these seminars, "Using Marketing Technology to Achieve Profitability Goals" DSS demonstrated platforms it had installed at leading banks.
BAI Retail Delivery Conference, 1996
DSS presented two fee-only workshop “A New Generation Approach to Automating Data Mining Using Decision Support Enabled Tools” at IBC Conferences in New York and Chicago, respectively.
IBC Data Mining Conference for Financial Services (1997) and IBC Data Mining Conference for Insurance Companies (1998)
DSS presents at Morgan Stanley's annual invitation-only CTO summit. De facto, the 50 firms invited are considered to be the Top 50 emerging technology firms in the country. DSS demonstrated its platforms at the summit.
Morgan Stanley CTO Summit Presenter (28 June 2004)
The University of Illinois Executive MBA program and Microsoft co-sponsored the invitation-only Global Best Practices in Marketing (GBPM) conference. DSS demonstrated its positioning, product design, segmentation and data mining technologies at GBPM.
Microsoft Global Best Practices In Marketing Conference (28 June 2004)
After driving leading edge results for Bank of America's customer satisfaction efforts, James A. Libby of DSS was invited to co-keynote at Bank of America's Communities of Practice Meeting. Libby spoke to the 700 bankers in attendance on "Unlocking the Treasures of Delight." Counter-culturally and controversially, Libby revealed that the standard 1-7 Likert scale satisfaction measurement was insufficient for corporate transformation.
Bank of America's Annual COP Conference Charlotte, NC (2005)
DSS was awarded a main stage presentation at AMA's prestigious ART conference. Over 500 leading marketers attended DSS's presentation: "Enhancing Perceptual Mapping by Projecting Demand and Market Share Opportunity onto the Reduced Space."
American Association Advanced Research Techniques Forum (28 June 2004)
Banking Strategies Magazine
NRBBV Design / Accenture's Ken Ernst Innovation Award
Banking Strategies Magazine
Banking Strategies Magazine
Center for Creative Learning
BAI Retail Delivery Conference
IBC Data Mining Conferences
Morgan Stanley CTO Summit
Microsoft Global Best Practices in Marketing Conference
Bank of America's Community of Practice Conference
AMA Annual ART Forum
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QUOTES (Click the dots below to proceed at your own pace.)
During my tenure at Accenture, we engaged Decision Support Sciences in over a dozen major engagements both within and outside the financial services industry. Beginning with the National Retail Banking Buyer Value Initiative in 1993 until the current day, Decision Support Sciences has consistently produced the most insightful buyer value segments for our customers.
- Mike Elliott, Lead Financial Services Partner, Accenture (retired) -
The work that Decision Support Sciences did was significantly more advanced than any previous customer satisfaction study we had done. It not only gave us superior insights into what drives customer opinions and behavior, but it also provided us the tools to quantify the impact of potential courses of action.
"As a result of this (customer re-engineering) research, we know exactly what to do to meet customers' needs and expectations and have made significant changes in our delivery system strategy."
Decision Support Sciences re-analyzed our data set and derived a new advisor segmentation system. Their work gave us a sharper, more actionable view of advisor needs and expectations than a previous analysis by a another major consulting firm. Market Advantage is simply one of the best analytical and strategy firms in the industry.
Decision Support Sciences performed a number of engagements for us. They always brought a fresh new approach to the table made possible by their proprietary methods and software. By combining state of the art technology with plain old fashion common sense, they gave us the insights we needed to better understand and meet the needs of our customers.
Our Strategy 2000 project was a quantum leap forward in the information we needed to make specific changes [to] ...produce the greatest benefit for our customers. As a result, our doctors have achieved a level of distinction in our market; they are recognized as the best. We also learned about customer segments in our community that have very different expectations and require very different value propositions. Decision Support Sciences has done their homework on the science end of marketing.
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EXECUTIVE TEAM
James A. Libby, PhD
Les Blackford, PhD
James A. Libby, PhD
CEO and Managing Director, DSS
(630) 428-1847 ext. 4
James Libby, B.S (Biophysics), PhD, is the founder and CEO of Decision Support Sciences (DSS.) Founded in 1990, DSS and its associates have performed large scale consulting engagements for Fortune 500 companies in over 40 countries worldwide. Clients Jim or DSS has worked for include Honda, Mazda, Nissan, Peugeot, Volvo, Mercedes Benz, VolksWagen, Gillette, Union Carbide, McDonald’s, the Coca Cola Company, Bank of America, Bank of Montreal, JP Morgan Chase, Wachovia, PNC, T. Rowe Price, and many others. Dr. Libby's signature focus on applying theoretical and applied mathematics to real world problems has led to his keynoting or presenting at major industry events including BAI’s retail delivery conference, Bank of America’s COP conference, IBC’s data mining conference, Morgan Stanley's CTO Summit, Microsoft’s Global Best Practices in Marketing conference, and AMA’s ART Forum. Dr. Libby also lectures on best practices at leading MBA and PhD. programs nationwide (e.g. UNC and UIUC).
Les Blackford, Ph.D
Director of Decision Support Platform Development
(630) 428-1847 ext. 7
Dr. Les Blackford is the director of Strategic Decision Support System Development at Decision Support Sciences. Les graduated from Iowa State University with an M.S. in mathematics in 1984.
From 1984 to 1986 Les worked at Northrop Defense Systems Division of Northrop Corporation. In 1991, Les received his Ph.D from the Illinois Institute of Technology. His dissertation involved new algorithmic approaches to One-Pass Ray Tracing. Les taught computer science at Wheaton College before joining Decision Support Sciences in 1995.
ASSOCIATES / ASSOCIATE FIRMS
Our associates are leading professionals worldwide (e.g. project managers, datamart analysts, statisticians, programmers, and fieldwork professionals) who average over 20 years experience in their fields. DSS associates provide best-in-class project staffing without diluting our primary focus on developing leading edge consulting, platforms and software.
Alain Recaborde
John Stensrud, PhD
Tai Nguyen
Laurie Koenig
Michael Wolfe
Alain Recaborde
Delta Consulting
(630) 428-1847 ext. 2
Alain Recaborde has managed over 100 major strategic research projects, including projects for over two dozen Fortune 1000 companies since 1982. Alain's experience spans multiple industries. He has designed and managed research projects both nationally and internationally. Alain's project management experience includes, but is not limited to; new product design, competitive positioning, market segmentation, branding, customer satisfaction, channel migration, product redesign, and product line extension engagements. Alain became a DSS Associate in 1995.
John Stensrud, PhD
Adaptive Marketing Partners
John Stensrud, Ph.D., Managing Director of Adaptive Marketing Partners, has directed several hundred projects over his marketing research career. John's experience spans all phases of research, from qualitative research (focus groups and personal interviews) to major quantitative studies involving thousands of interviews and millions of customer records. Dr. Stensrud's 23 years of executive level research experience includes the fields of Healthcare, High Technology, Office Equipment, Telecom, and the Utility industry. His work has been pivotal in assisting companies through all stages of their business cycle, including new product development, customer acquisition, and gaining market share.
Tai Nguyen
Tai Nguyen and Company
Tai Nguyen has designed research and developed surveys for over 100 firms in the Fortune 500. By almost any measure, Tai is one of the most experienced microcomputer survey developers in the world. He began his professional research career in 1979. Tai, a University of Chicago MBA graduate, is one of our charter Decision Support Sciences associates, joining our associates team in 1992.
Laurie Koenig
The Business Insight Group
(630) 428-1847 ext. 3
Laurie Koenig has a long, varied and distinguished market research career supporting diverse industries including financial services, health care, technology, media, education and hospitality. Laurie has been a DSS associate since 1997. Whether as a professional moderator, project manager or market research consultant Laurie tells the story with meaningful insights, analysis and realistic actionable recommendations that incorporates both the consumer needs and the businesses reality: budget, goals and competitive challenges. Ms. Koenig began her career at Chase Manhattan and Bank of America, where she managed the national and regional market research departments, respectively.
Michael Wolfe
Bottom Line Analytics
(630) 428-1847 ext. 5
Michael Wolfe's marketing research career began in 1979 with the Kellogg Company. Since then, Michael has worked for Fisher-Price Toys, Kraft Foods, Coca-Cola and Burke Marketing Research. In early 2003, Michael founded Bottom Line Analytics, a marketing research consulting company specializing in online survey research, marketing-mix modeling, new-product forecasting and advanced marketing analytics. Michael has an MA in economics from the U. of Iowa and is ABD in econometrics from Indiana University. Michael is also an adjunct faculty member for at the Terry College of Business MRM program at the U. of Georgia. Memberships include the AMA, ARF and the MSI.
SOME OF OUR CLIENTS
We have performed advanced consulting or deployed advanced decision support platforms at dozens of firms - most of them in the Fortune 500. A subset of these firms include:
* = confidentiality agreements prohibit positively identifying which of the top two beverage firms has engaged DSS' services.
OUR TECHNOLOGY AND/OR ALLIANCE PARTNERS
We have signed technology agreements, alliance partnerships or non-disclosure agreements with six of the top ten management consulting firms, and eleven other market leading consulting, marketing or technology firms. A list of those firms can be provided upon request: info@decisionsupportsciences.com.