Discussion the notion of the value of information

Reference no: EM131093641

As you know, everything we do in business is a process, and every process can be broken down into its component parts, analyzed, and improved upon. Now, this doesn't mean that every aspect of every process "should" be improved upon. Why? Please emphasize in your discussion the notion of the value of information. (Hint: All projects in business focus on key outcomes - examples of key outcomes include profit, net present value, net benefits, productivity measures, or even business process improvement outcomes including bottleneck cycle times, capacity utilization, throughput, etc. Each outcome is influenced by multiple "drivers/variables" and some "drivers/variables" are worth more than others.)

Reference no: EM131093641

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