CASE STUDY, Business Management

Assignment Help:
It goes by many terms - information overload, analysis paralysis, data dumping, and so on. You know what we''re talking about. It is indeed greater to live in the information age with a plethora of digital technologies at your fingertips giving you access almost instantly to massive amounts information. But is all of that information really useful? Do you find yourself spending hours on end searching through that vast amount of information to find exactly what you need? Are search engines really good at helping you quickly locate the exact information you need?

Those are very important questions in the business world. Time is money, and time spent looking for the right information is wasted time and therefore an increased cost which results in a decrease in profits. An Accenture study of 1,009 managers at U.S. and U.K. companies with annual revenues exceeding $ 500 million in revenues revealed the following starting facts:

IT managers spend 30 percent of their time trying to find information relevant to their jobs.
42 percent say they are bombarded by too much information.
44 percent complain that other departments don''t share data.
39 percent can''t figure out which information is current.
38 percent often receive duplicate data.
21 percent don''t understand the value of the information once they receive it.
84 percent say they store information on hard drives or e-mail and don''t share data that might be relevant to others.
Only 16 percent state that they use collaborative tools, essentials tools for sharing information.
Information is a critical and valuable resource to any organization. It can easily be shared and used by many people, unlike other resources such as money. Knowing the right information about your competitors, your own internal operations, and your customers can yield a significant competitive advantage in the marketplace.

From a personal point of view, having the right information is essential as well. It will help you pick the right classes to take and when. It can make you more efficient and effective in writing term papers. It can help you with your taxes, plan your retirement, and determine which car best fits within your budget and meets your needs.

Questions:

1. Critically evaluate the bulleted list of information-related items in this case study. How are each contradictory to the notion of being an information-literate knowledge worker?

4. Is it ethical for people in an organization to withhold information and not share it with other employees? Under what circumstances would it be acceptable not to share certain types of information with other employees? What can organizations do to encourage their employees to share information?

5. What about your personal life at your school? How easy is it to find the following information on your school''s Web site?

The course description for the classes you are currently taking.
A list of classes you need to take to complete your degree.
The requirements you must meet to qualify for various types of government-supported loan programs.
The process you go through to apply for graduation.

Related Discussions:- CASE STUDY

Organization behavior, Describe the three stages of change. Why is it criti...

Describe the three stages of change. Why is it critical that each stage be fully implemented before moving to the next? Provide concrete, detailed examples and explain how each fit

Business finance, Approaches to short-term financing problem?

Approaches to short-term financing problem?

#SWOT, Rate, from best to worst, each of the sources you indicate in Questi...

Rate, from best to worst, each of the sources you indicate in Question 1 above as being sources you will use in your analysis in terms of its probable reliability. Discuss the ste

Explain the recruitment and selection process, QUESTION 1 People are on...

QUESTION 1 People are one of the most important resources in an organization. Consequently, one of the main functions of the human resource manager is to ensure that the organi

Costing for unit operation, A detailed costing of the capital equipment bas...

A detailed costing of the capital equipment based on individual costing for each unit operation and associated equipment. This cost should be cross-checked against costs estimated

Strategic planning, discuss the importance of strategic planning to a Zimba...

discuss the importance of strategic planning to a Zimbabwean manager

Differentiate between tall and flat organizations, QUESTION (a) (i)...

QUESTION (a) (i) What is information overload? Illustrate your answer through a practical example. (ii) How could each of the factors below contribute to information ove

Explain the hawthorne studies carried out by elton mayo, QUESTION There...

QUESTION There is no one specific method of categorizing organization theorists. However, it is generally accepted that- (a) The Type 1 theorists, also known as the classica

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd