Effective Information Management for Desired Results
Added on 2020-10-22
12 Pages3028 Words426 Views
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MANAGEKNOWLEDGE ANDINFORMATION
Table of ContentsINTRODUCTION...........................................................................................................................1QUESTION 1...................................................................................................................................1a) Importance of effective information management through data collection in businessenvironment.................................................................................................................................1b) Role of leader in managing knowledge and information........................................................1c) Define circumstances under which corporate knowledge can be lost.....................................2d) consequences of failing to maintain corporate knowledge.....................................................2e) Provide one test for reliability and validity of information....................................................2QUESTION 2...................................................................................................................................3a) Describe statistical analysis method involving its benefits and applications..........................3b) How sensitivity analysis aid decision-making in business organisations...............................3c) Consequences of failing to comprehensively analyse cause and effect relationship..............3QUESTION 3...................................................................................................................................4a) Objectives of Mariana.............................................................................................................4b) How Mariana undertake research and analysis to achieve objectives....................................4c) Organising of data and presenting findings from Mariana research.......................................4d) Different adjustments to improve this situation......................................................................4QUSETION 4...................................................................................................................................5a) Describe why decisions must reflect value, objectives and procedures of an organisation....5b) Role of risk management in decision making.........................................................................5c) Consequences of not conducting a risk analysis.....................................................................5d) Ways to ensure decision are taken within delegated accountability.......................................5e) Three quantitative method to assist decision making.............................................................5f) Three strategies to assure organisational procedure and regulatory requirements are metduring decision-making...............................................................................................................6
QUESTION 5...................................................................................................................................6a) Complete table according to communication plan of Ella .....................................................6b) Checklist to record information Ella disseminates to staff during her communication plan.....................................................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONManaging knowledge and information is the procedure of creation, sharing and using thedata and information of a company in an appropriate manner. It is a multidisciplinary approachwhich assists in achievement of organisational objectives by using knowledge in an effectivemanner. This assignment is based on BizOps which is an Australian enterprise specialising instandardised and exclusive products. At present company is successfully managing more than150 retail, phone and online outlets and employing 1300 employees across Australia. This reportwill cover different concepts regarding information management along with statistical analysismethods for decision making. Beside this, risk management and appropriate communication planfor business organisations is discussed. QUESTION 1a) Importance of effective information management through data collection in businessenvironmentInformation management is referred to the acquisition of data and information fromdifferent sources along with distribution and custodianship of information to those individualswhich needs it. It also include disposition of information by deleting or archiving it. One way tomanage information in a desired manner is to identify business issues through data collectiontool such as business performance data (Orna, 2017). This will benefits BizOps in identifyingproblems like increase in expenditure, drop in sales, defining values which are outside ofexpected ranges. Also, this data collection method will allow BizOps in conducting research onother issues which takes place while operating business. b) Role of leader in managing knowledge and informationLeader posses an essential role in managing information and knowledge. To becamesuccessful, specific skills and qualities are required by a leader so that knowledge can be created,shared and managed in an appropriate manner. Beside this, role of leader is to create andpromote new knowledge so that existing information can be managed in a desired way. Leader inBizOps require effective behaviour, attitude, characteristics, values, abilities and skills so that anenvironment can be created which will motivate team and individual learning. Another role of1
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