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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.
Investigation of potential solutions The investigation of potential software solutions must involve what is common practice in the industry. Consider the following questions:
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Question 1: Explain the concept of core competencies and its main characteristics. Describe the different ways by which core competencies can be developed in an organization.
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