Strategic Information Management

Information Management has to do with capturing information, efficient planning, organizing and evaluating the information to interpret for an organization to make well informed decisions. (Hinton, 2006) The main reason organizations depend on information is to improve its overall management in

Information management is a conscious process that needs to be planned. Having regular updates of the business is information gathered and this assists in any decision making. This is to be used by the business and is most useful at the starting point of the decision making process. The information gathered should be used at all levels of the business not just at senior management positions.

‘provide clear information, supervision and training for employees and ensure that suitably competent people are

Information theory is the modern theory of organization that views organizations as requiring constant input of information in order to continue functioning systemically and productively; assumes that a lack of information will lead to chaos in organizational operations (p.165). Decision making includes making a choice to alter some existing condition, choosing one course of action in preference to others, expending some amount of organizational assets or individual resources to implement the decision, and acting with the expectation of gaining something desirable (p.194). Things that are important to the decision-making process includes increasing potential gains, monitoring the ongoing decisional process, and reducing the resource expenditure, uncertainty, and risk involved in achieving whatever gains are made (p. 195). Through every carefully thought out decision the government makes on behalf of its citizens there are risks involved. A risk involved in routine decision making is that decision makers may fail to perceive a need to reconsider existing policy or program assumptions on which routine decisions are based (p.195).

The power and political structure of the organization may frustrate employees when decisions are made that are unclear or not communicatedand lack vision or reasoning behind the decisions. The system relies on clear and concise communication at all times. It is important that chief executive officer is given accurate information at all times.

Information is data that has been processed so that it has meaning and value to a recipient,

Milakovich and Gordon state that central to decision making elements is the quality and quantity of information available. Decision makers needs to be informed to serve as a basis for

Achieving effective utilization of information in decision-making is a major problem in organizations. The literature in computers and information systems views the problem as one of finding ways to transfer knowledge relevant to a decision to the agents involved in the decision. This makes sense when the knowledge is general or when the problem is one of discovering new techno logy that will convert specific to general knowledge. When the relevant knowledge, however, is specific, and when the technology (for example, in computing and communications) is unable to lower the cost of transfer substantially, this approach will fail.

* Primary focus on improving management decisions at scale – did the analysis to identify time gap between information and application to decision making

There is evidence from research about the importance of this process the information that indicate the shareholder to take decisions. The following figure represents specific hypotheses about the effects of vivid information to make decisions shareholders. Which include : information focuses on the personal characteristics of the executive power in decision-making which contribute to the work and lead to increased confidence path. Also, allocate resources for the duty

Introduction: The following assignment explores the importance of using information to inform and support strategic decision making to achieve organisational goals and objectives as set out by unit learning outcomes (LO) pertaining to this unit 7004. These four learning outcomes are to: LO1: Be able to understand the impact of management information on decision making; LO2: Be able to understand the importance of information sharing within the organisation; LO3: Be able use information to inform and support strategic decision making; and LO4: Be able to monitor and review management information. In order to achieve these learning objectives, the writer has drawn upon from his practical work

Information is an important aspect of every organization. Information technology (IT) is a tool for competitive advantage and it is important for the efficient and effective utilization of resources in an organization. Therefore, keeping information within our IT infrastructure and Information Systems is an important part of ensuring that we achieve the main goals of our investments into the IT systems and processes.

Defining decision making is a hard task just as it would be to define knowledge: it is a process we use on a daily basis, but when it comes to find a way to describe how it works we encounter many obstacles. That is due to the fact that each one of us has his/her unique decision making process, which is continuously built in time. Several academic definition of decision making exist, depending on the kind of situation in which the decision takes place. For a manager, the decision making is a core process, and unfortunately half of the decision taken by management in an organization fail (Nutt, 1999), thus key importance has been given lately in researching this field. A business related definition states that decision making is "the thought process of selecting a logical choice from the available options" . This definition highlights that despite the wish of giving to this process an objective and constant trait, both time and subjectiveness are instead crucial. As a matter of fact, when a decision has to be made, even if it is a business decisions, not only rationality comes into the picture: past experience, cognitive biases, age and individual differences, belief in personal relevance, and an escalation of commitment, all influence what choices people make (Dietrich, 2010). In other words, analyzing the above

should be taken in choosing them for applications. However, these applications could differ in terms

The purpose of decision making is to make the right choice in a certain situation, for example if a certain product is selling well in one area and not as good in another strategic decisions need to be made to do what is best for the company, do they send what was sent to the area where the product sells bad to the area where it best sells? Or leave it how it is? Decision making is all about getting the best out of the company so they will do what gives them more money.