Information Based Decision Making Essay Example | Topics and Well Written Essays - 2500 words

Information Based Decision Making - Essay Example In general a decision is made depending on the situation and the issue. The decision made cannot be favorable for everyone in all circumstances. It may lead to improvement or adverse effects on the situation. The information from the concerned department is the important part of decision making process. A decision is made only after collecting the relevant information. Thus information plays a major role in any decision. As a strategic manager I should design a strategy that helps in the process of decision making. This strategy must incorporate the plans that improve the existing situation. The strategy should consist of step by step procedure. The data and information must be selected when using the information based decision making. The nature of the data is an important aspect of information based decision making. (Johnson, 2008).The decision can be made only based on the nature of data. To get the data the data source must be selected well in advance. Once the data source is selected the corresponding data can be retrieved from the specified source. The identification and selection of data involves ascertaining the nature of data, data selection criteria and analyzing the legal requirements of data collection and storage. These are outlined in the following steps. Data is generally given as an input to the corresponding information system. The raw data is processed in the system after which it is given as an output. This output is referred as the information. Data can be in the form of a text file, image, video or an audio. Hence the data can be in any format that is understandable by the respective information system. This data is processed to form complete information. Data is an abstract type of information. The data can be either quantitative or qualitative. The nature of data has gone through various phases of improvement. Due to the latest technologies and the advancements, data's nature is completely different when compared to the initial stages. The nature of the data and the information must be assessed so that the decision is made according to the nature and type of data. The type of data may also differ from one system to another. The decision will differ based on the type of data. The processed information is then analyzed after which the next step begins. Criteria for Data Selection Data selection is an important aspect of information based decision making. Data selection is done based on various criteria. The data must satisfy the criteria to enter in to the system. The data selection criter

The Impact of Social Media on the Rare of Growth of Small and Medium Essay

The Impact of Social Media on the Rare of Growth of Small and Medium Scale Enterprises - Essay Example The paper tells that there is a major weakness with the questionnaire in terms ethical consideration. As an academic research, it is expected that the researcher makes a lot of provision for ensuring ethical protection for respondents. Some of these ethical protections should include the assurance of anonymity of respondents. The researcher must also keep responses highly confidential. Such assurances make respondents highly confident too in the answers they provide. The questionnaire should have therefore had a preamble that gives respondents these ethical assurances. What is more, there is a repetition of questions throughout the questionnaire. There are questions that have been reframed in different ways but seek to collect the same piece of data. There should have therefore been a better mopping up exercise to rid the questionnaire of repeated questions. Again, the questionnaire lacks clear-cut categorization of questions with headings. In the absence of such categorization, resp ondents are often confused on what a particular question is seeking to find. In this event, they may misunderstand the questions and answer them in different contexts. In future research, there would be conscious effort to present the questions in a more presentable way by clearly stating question numbers and categorizing the questions according to a minimum of four major themes. The questionnaires were distributed among two hundred respondents. These respondents were selected from different industrial backgrounds including hospitality, education, health, entertainment, transport, financial service, manufacturing, politics and so on. This was to ensure a large representation base. Among the two hundred respondents, the chart below represents those who use social media and those who do not. After the data on the use of social media were collected, the researcher grouped the responses according to the field of industry. This was done in order to find the time of industries that practi ced the use of social media most. In this regard, it was found that business to customer enterprises used social media more often than business to business enterprises After identifying which of the respondents used social media and which did not, the researcher went ahead to find out the specific social media that was used by these enterprises. The reason for collecting this particular data was because the literature review had proofed that some of the social media networks were more popular than others. The researcher, therefore, wanted to find out how the popularity of a particular social media network influenced and impacted the reasons for which the respondents were using them. The chart below represents the allocation of respondents and the kind of social media network they used. The researcher sought to find from respondents, the reasons why they used social media. This was an important data because the literature review has revealed that using social media serves diverse pur poses.