Saturday, 24 September 2016

CHAPTER 6 : VALUING ORGANIZATIONAL INFORMATION

ORGANIZATIONAL INFORMATION

Ø  Information is everywhere in an organization
Ø  Employees must be able to obtain and analyze the many different levels, formats and granularity of organizational information to make decisions
Ø  Successfully collecting, compiling, sorting and analyzing information can provide tremendous insight into how an organization is performing
Ø   Levels, formats and granularity of organizational information:


                                              

THE VALUE OF TRANSNATIONAL AND ANALYTICALLY INFORMATION





     THE VALUE OF TIMELY INFORMATION
Ø  Timeliness is an aspect of information that depends on the situation
Ø  Real-time information – immediate, up-to-date information
Ø  Real-time system – provides real-time information in response to query requests


THE VALUE OF QUALITY INFORMATION
Ø  Business decisions are only as good as the quality of the information used to make the decisions
Ø  You never want to find yourself using technology to help you make a bad decision faster


   Characteristics of high-quality information include;









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