Decision-making information systems, Strategic Management

Assignment Help:

An organisation is reviewing its decision-making information systems and has asked you to recognize suitable assessment criteria for this review.

Value for money. Value for money offered by the information systems that make decision making information is a relevant criterion. Value for money is often expressed as the 3 Es - Economy, Efficiency and Effectiveness.

Cost. Ongoing cost of the existing system is obviously a important criterion especially when set against other factors like as other organisational investments.

Timeliness. Information must be given to decision-makers in sufficient time for it to be used in the decision-making process.

Relevance. Information requires to be relevant to the decision being made by decreasing uncertainty and enhancing knowledge about that decision.

 


Related Discussions:- Decision-making information systems

Problems of profit based measures, Problems of profit based measures -...

Problems of profit based measures -  Absolute profit measures ignore the amount of investment in the division e.g. does not look at profit relative to capital employed. -

What are the four types of strategic control, QUESTION 1 The most impor...

QUESTION 1 The most important purpose of strategic control is to help Top Management achieve organizational goals through monitoring and evaluating the strategic management pro

Question 3, Conduct an industry & a 5-Forces analysis for BOE/AIR. w/focus ...

Conduct an industry & a 5-Forces analysis for BOE/AIR. w/focus on commercial aircraft mfg (Hint: extend POV to travel preferences now & future, & review BOE/Air''s POVs on the indu

External buying decisions, The group consolidated financial results would n...

The group consolidated financial results would normally be effected, if an internal buyer uses their autonomy and makes a decision to buy outside the group, rather than buy interna

Describe packaging or labelling features, 1. Describe the brand you will es...

1. Describe the brand you will establish across as many dimensions as you think are relevant 2. What will your brand association be?  i.e.  what is the one thing, above al

Market demand and supply information , What kind of market demand and suppl...

What kind of market demand and supply information would be useful to you in deciding upon a business strategy?   Ans) Market Demand and Supply Information  1) Do you requ

Synerge, What are the problems in assessing the potential for synergy from ...

What are the problems in assessing the potential for synergy from a merger

What are the benefits of elearning, Question : (a). How would you cat...

Question : (a). How would you categorise eBusiness/ eCommerce? (b). Explain how the use of Cookies in eBusiness/ eCommerce may impede on the privacy of an individual

Explorations on leadership, Critically analyse and review the leadership ca...

Critically analyse and review the leadership capabilities of an actual leader-either someone you know or an historical or current leader and clearly identify and link those attribu

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