Information Management and Decision Making

Information Management
and Decision Making

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................2
TASK 1............................................................................................................................................2
Process of converting data into information, understanding, knowledge and wisdom along
with determination of the key features related to each stage in cycle.........................................2
Determination of the criterion to be applied while selecting data and information to support
decision making .........................................................................................................................3
Description of the main functions of an organisations Management Information System along
with determining the impact of MIS to an organisational efficiency and effectiveness.............3
TASK 2............................................................................................................................................4
Description of the organisational responsibilities in relation to the sourcing, sharing and
storing information for ensuring legal compliance and determining two types of information
that has restricted access within an organisation.........................................................................4
Discussion of six types of information which offered by an organisation to employees and
process that needed to follow to get access of same...................................................................5
Evaluation of the four formats in which information can be offered and ascertainment of their
effectiveness within an organisation ..........................................................................................6
TASK 3............................................................................................................................................6
Selection of the one form of organisation and further analyses of associated patterns and
trends and determining the impact of such patterns and trends in decision making process .....6
Evaluation of the four decision making tools along with ascertaining their fitness for purpose
from a criterion developed by an organisation and determining the importance of valid
management information in decision making process along with assistance in future planning
activities......................................................................................................................................7
Determination of the two sources that will help in assisting of data and information analysis
through consideration of internal and external factors................................................................8
TASK 4 ...........................................................................................................................................9
Reviewing four methods an organisation can use to develop data collection to inform and
support strategic decision making...............................................................................................9

Determining of the methods that will be used by an organisation to analyse the impact of
information on strategic management decisions along with importance of having rigorous
process of analysis ......................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
.......................................................................................................................................................12

INTRODUCTION
Information management refers as the process which has main aim related to
dissemination of relevant and actual information to decision makers. This aspect has huge
importance within an organisation as provides an opportunity to make the decisions which will
help to gain competitive advantage in future. Ascertainment of effective level relevant
information aid in improvement of decision making powers of higher authorities as they can
ensure the aspect that will be most beneficial for an organisation in accordance to the future
conditions and trends. There are large number of benefits associated with the concept of
information management towards an organisation such as informed decision making, higher
level of support from responsible authorities, formulation of effective future strategies and
competitive advantage. Information management not only aid in decision making but also assist
in building positive culture and atmosphere at workplace where all work through providence of
support to each other (Bachkirov, 2015). The main aim of this report is also to ascertain the
influence of effective information management in improved level of decision makings. The
organisation selected to carrying tasks in this report is Rowlinson Knitwear. It is a medium size
clothing manufacturing organisation that have main business operations in UK. This organisation
has specialisation in providence of corporate and school wears.
The aspects covering in this report includes process of converting data into information,
understanding, knowledge and wisdom along with determination of the key features related to
each stage in cycle, determination of the criterion to be applied while selecting data and
information to support decision making, description of the main functions of an organisations
Management Information System along with determining the impact of MIS to an organisational
efficiency and effectiveness, description of the organisational responsibilities in relation to the
sourcing, sharing and storing information for ensuring legal compliance and determining two
types of information that has restricted access within an organisation, discussion of six types of
information which offered by an organisation to employees and process that needed to follow to
get access of same and evaluation of the four formats in which information can be offered and
ascertainment of their effectiveness within an organisation (Bals, Kirchoff. and Foerstl, 2016).
Also, covering about selection of the one form of organisation and further analyses of associated
patterns and trends and determining the impact of such patterns and trends in decision making
process, evaluation of the four decision making tools along with ascertaining their fitness for
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