Importance to the overall health of an organization

Reference no: EM13821749

You have explored many options for managing data as well as its importance to the overall health of an organization in making well-informed decisions. Many organizations feel that they have to utilize powerful and expensive solutions, but there are also cheaper alternatives. For example, MS Excel can be a great tool to manage data and identify answers to any questions. Thus, whether your organization is big or small, all the tools need to be evaluated to determine the one that will work best, not only in managing the data but also in lowering the overall cost. Managing cost is important, as you do not want to implement a solution that will bankrupt the organization; that, in itself, is an ill-informed decision.

the Internet, research tools and techniques of managing data.

Respond to the following:

What would be some of the mistakes or consequences of not investigating the costs associated with the organization's information systems (data collection) choice? Besides going bankrupt, what other effects could it have on the organization? Could it lead to bad decision making? Explain.
What systems does your organization utilize, either as a whole or per department? Is this solution effective? Why or why not? Is there a solution that would be more effective? If not, explain why.
With the various solutions available today, which one do you think would work best for you? Meaning, which of these solutions (such as MS Excel or a decision-support system) would work best on the following criteria:
- Ease of use
- Interpretation of data
- Sharing of data
Often, we think of business analytics as only for businesses. However, can any of these tools be used for personal decision making? Provide some examples of how you could utilize these tools.

Write your initial response in 300-500 words. Apply APA standards to citation of sources.

Reference no: EM13821749

Questions Cloud

Evaluating vendors providing cloud-based solutions : Assume you are evaluating vendors providing cloud-based solutions for your current organization or a hypothetical organization. Complete the following:

Write world view essays on islam : Write World View Essays on Islam. A world view is a fundamental or basic orientation of thinking - like a mindset - which guides a culture and / or a person's life

Power is aspect of relationship between two or more persons : Power is an aspect of a relationship between two or more persons. What implications does this fact have for organizational members who wish to increase their power? Decrease the power of others?

Parties sign a purchase and sale agreement : If the parties sign a purchase and sale agreement for the purchase of an airplane and the airplane is destroyed shortly before the title to the airplane is signed by the seller, who bears the risk of loss?

Importance to the overall health of an organization : You have explored many options for managing data as well as its importance to the overall health of an organization in making well-informed decisions.

Company risk and project risk : Both Dow Chemical Company, a large natural gas user, and Superior Oil, a major natural gas producer, are thinking of investing in natural gas wells near Houston. Both companies are all equity financed. Dow and Superior are looking at identical projec..

Capital budgeting in not for profits : Are the capital budgeting criteria discussed in chapter 9 of the Ross text applicable to not for profit corporations? How should such entities make capital budgeting decisions? What about the US Government? Should it evaluate spending proposals using..

What does mcdunn mean when he responds : What does McDunn mean when he responds, "No, Johnny, we're impossible"? What lesson does this story teach about the consequences of loneliness felt over a long period of time?

Thinking about making a capital investment : Briefly describe a scenario in which a particular healthcare organization is thinking about making a capital investment. How should the organization go about selecting metrics for evaluating this capital project? Would it rely on one metric or sel..

User Account

All Pages