VALUING ORGANIZATIONAL INFORMATION
ORGANIZATIONAL INFORMATION
ORGANIZATIONAL INFORMATION
INFORMATION GRANULARITIES
THE VALUE OF TRANSACTIONAL AND ANALYTICAL INFORMATION
- Transactional information – encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational tasks
- Analytical information – encompasses all organizational information, and its primary purpose is to support the performing of managerial analysis tasks
TRANSACTIONAL INFORMATION:
- E.g. withdrawing cash from an ATM, making an airline reservation, purchasing stocks
- Compile a list of additional transactional information examples
- These could include daily sales, hourly employee payroll, product orders, shipping an order
ANALYTICAL INFORMATION:
- Also includes external organizational information such as market, industry, and economic conditions
- Analytical information is used to make ad-hoc decision.
- E.g. trends, sales, product statistics, and future growth projections
- Compile a list of additional analytical information examples
- These could include cost/benefit analysis, sales forecast, market trends, industry trends, and regulations
THE VALUE OF TIMELY INFORMATION
THE VALUE OF QUALITY INFORMATION
CHARACTERISTICS OF HIGH QUALITY INFORMATION
THE VALUE OF QUALITY INFORMATION
}Low
quality information example
UNDERSTANDING THE COSTS OF POOR INFORMATION
UNDERSTANDING THE BENEFITS OF GOOD INFORMATION
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