Information Primarily based Decision

Making

Terms of Reference.................................................................................................... three or more 1 . Be able to identify and choose sources of data and details............................ 4 Data and Information.............................................................................................. 4 Qualities of Good Info............................................................................... 6 Options for Information................................................................................................... 9 Nature of Information...................................................................................................... 9 With legal requirements...................................................................................................... 15

installment payments on your Be able to review and present information to aid decision making............ 18 Decision Making.................................................................................................... 18 Who ought to be involved in decision making.................................................................. 21

several. Be able to communicate the outcomes of information analysis and decisions........ 23 Interaction..................................................................................................... 23 Refractive Statement................................................... Mistake! Bookmark not really defined. Recommendations............................................................................................................ 24

TERMS OF REFERENCE

This record will display my skills, understanding, expertise and abilities in the concepts of information centered decision making.

I will demonstrate that we can:

п‚· identify and select sources of data and data

п‚· review and present information to back up decision making

п‚· communicate the results details analysis and decisions

1 . BE ABLE TO DETERMINE AND SELECT TYPES OF DATA AND

INFORMATION

LO

D ATA AND INFO

1 . a few

The conditions data and information are usually used freely. People believe they are the same but they are not really. Jessup & Valacich (Pg 6, 2003) define info as being ‘raw material – recorded, unformatted information, just like words and numbers'. They have no worth until it have been processed and transformed into info.

Data

Change

process

Details

Information can easily therefore end up being defined as info that has been prepared so that several meaning could be derived from this.

Information is used, within organisations, to help with decision-making. In respect to Bocij, Chaffey, Greasley & Hickie (1999) the functions of the decisions taken in an organisation differ according to the level at which they can be taken. The exact number of the next webpage shows the distribution of managerial responsibility within a common organisation:

As you can see from the determine above, the largest section of managers is found with the operational degree of the organisation. The smallest section of managers is located at the proper level.

OPERATIONAL LEVEL

With this level, managers deal with short-term planning as well as the day-to-day business processes. The decisions used direct the organisations' efforts towards appointment the medium-term goals, abiding by the budgets, policies and procedures collection at the trickery level. These types of decisions are likely to be remarkably structured and have little effect on the business as a whole. One of a decision taken at this level in my section might be arranging the date ranges, times and rooms from the monthly OCR typing exams.

TACTICAL LEVEL

At this level managers are largely worried about medium-term preparing.

They

monitor the overall performance of the enterprise, control financial constraints, allocate solutions and set guidelines. Decisions used at this level are used to collection medium-term goals that form stages leading to the achievement...

References: similar but they are certainly not. Jessup & Valacich (Pg 6, 2003) define data as being ‘raw

material – recorded, unformatted information, including words and numbers'

Information is used, within organisations, to aid with decision-making. According to

Bocij, Chaffey, Greasley & Hickie (1999) the characteristics in the decisions ingested in