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Task 1
1.1: Critically discern the process of converting data to information, understanding, knowledge and wisdom. Critically review the key features at each stage in the cycle, drawing conclusions and making robust recommendations.
1.2: When making management decisions determine the criteria to be applied when selecting data and information to support decision making. Consider the validity of sources of information.
1.3: Describe the main functions of an organisation's Management Information System (MIS). Evaluate the impact of a management information system to an organisation in terms of component efficiencies and wider organisational effectiveness.
Assessment Criteria
1.1: Critically identify the features of data and information.
1.2: Determine the criteria to be applied when selecting appropriate data and information to support strategic decision making.
1.3: Critically evaluate the impact of a management information system to an organization.
Compare and contrast three models of organizational decision processes thought to occur when bounded rationality conditions hold.
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