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

Diffusion is, The amount and pace of market adoption.

The amount and pace of market adoption.

Examples of external failure cost, Q. Examples of external failure cost ...

Q. Examples of external failure cost The customer perspective can control performance by the assessment of external quality failure.  Costs incurred after the customer has rec

Examples of staff control in the workplace, Employee behavioural controls  ...

Employee behavioural controls  'Influencing the process of how staff work and behave'. Reward e.g. based on attitude or behaviour Dress code e.g. to ensure staff u

General electric model, what are the advantages of using tha general nine e...

what are the advantages of using tha general nine electric model

Explain different levels of strategy, J plc manufactures a range of cars. T...

J plc manufactures a range of cars. The company is structured on a divisional basis with each division having responsibility for a segment of the market. One of the divisions manuf

Strategic management of bread talk, This report discusses is based on the s...

This report discusses is based on the strategic management of Bread Talk. Bread Talk is, a Singapore based fFood cCompany . It is identified that under strategic management, The co

Management, .” Differentiate between corporate mission and strategic vision...

.” Differentiate between corporate mission and strategic vision by taking corporate illustrations

Difference between symmetric and asymmetric encryption, (a) Illustrate the ...

(a) Illustrate the difference between symmetric and asymmetric encryption, listing an advantages and a disadvantage of each. (b) What functions should be given by a public key

Groups and teams, groups and or teams will solve effectiveness and efficien...

groups and or teams will solve effectiveness and efficiency in 21st organisations.discuss

Discuss the pillars of total productive maintenance, Question : (a) Wh...

Question : (a) When equipment or a part thereof suddenly stops working, the operating costs in that environment start increasing due to production losses, capacity losses and

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