In order to learn how to generate valid, accurate and useful information, it may be useful to first start by looking at the characteristics of good information. When data is put into a management information system (MIS), this information must be …Continue Reading →
The information flow between different functional areas of a business can be separated in to two flow: internal flows (information shared within a business) and external flows (information shared with other businesses). Internal Information flows The internal information flow in …Continue Reading →
There can be an overwhelming amount of information for a business to filter through on a daily basis. Below we’ll justify the information selected to support a business decision-making process which involves using qualitative and quantitative filtering techniques. These techniques …Continue Reading →
When data is inaccurate, it can produce information that is of no use to anyone. An explanation of how an organisation could improve the quality of its business information is detailed below… Purpose and Context of data The collection of data …Continue Reading →
IT tools to produce management information are plentiful and varied in their complexity. These tools (some of which outlined below) all contain features and functionality all designed to help produce useful management information… Databases Databases are key components in any information …Continue Reading →
Making decisions is something we all do on a daily basis. The decision-making process in business is a process as well as a habit. When the decisions are effective and successful, they can result in profit for the business. Unsuccessful decisions can …Continue Reading →
This article highlights the information systems used in a specified organisation (in this case Tesco). Tesco is a large organisation that uses many business/organisational systems in order to deal with supplier, customer and product information, financial recording and planning and …Continue Reading →
The features and functions of information systems play a key role in helping businesses to make better, more informed decisions. Information systems aren’t merely computers, instead they involve a combination of data, technology and people. Features of information systems Data …Continue Reading →
There can be many operational, ethical and legal issues related to the use of information in an organisation. It’s important all organisations have policies and procedures in place to manage all of these issues both before, during and after these …Continue Reading →
The characteristics of good information include accuracy, reliability and accessibility to name a few. Below we’ll discuss more characteristics of good information in detail… Valid Valid information is information that is accurate and reliable so that no mistakes or errors …Continue Reading →