Data Planning

Running head: DATA PLANNING
Data Planning
Name of the Student
Name of the University
Author Note

1DATA PLANNING
The modern business sector is observed to be significantly complex and the
organizations are notably inclined to the effective usage of the data for the decision making
and the strategy formation purposes. The planning of any modern business organizations is
observed to include two different sources which are internal and the external sources. The
paper is focused in the assessment of the impact of those two sources of data in the modern
business context.
As the implies, internal sources of data are concerned with the information, that is
generated within the organization and for the paper the chosen information from the
mentioned source are considered to be the absenteeism data and the employee turnover rate.
On the other hand the external data is concerned with the facts and figures of the external
environment of the organization. For the paper, the chosen information from the mentioned
sources are the cost of living allowance and the oil and gas market trends.
Internal sources:
The organization’s effectiveness largely depends on the employees of the
organizations and any sort of planning purposes that may be a business expansion or the
achievement of higher growth rates is notably dependent on the efficiency of the employees.
Under such situation the availability of the employees is a crucial factor (Ackers, Ioannou
and Ackers-Johnson 2016). As the employees present inside the organization will be
responsible for increasing the production or the manufacturing of the concerned organization,
the statistics for their availability of the rate of absenteeism becomes crucial. Hence the rate
of absenteeism will be in consideration for the assessment of the available resources and the
effectiveness of the organization in approaching their desired growth.
As the modern organizations are facing the significant impact of the competition, the
maintenance of the quality in the services is of great significance for the organizations. In