Business Information Management
Module: Business Information Management
Topic 2: You are an Information Management Consultant. You have been invited to prepare a report for a light engineering company that has no information management experience. Your report should explain the importance of information to a business; the ways in which it should be managed; how technology may be harnessed and, in conclusion: what the benefits will be of adopting your recommendations, as well as the risks of not doing so.
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In the 21th century, businesses are strongly linked with information and it has become increasingly important to an organization. Within a company, there are numbers of information that have to be processed; for example, information about suppliers, markets, customers, products and human resources. In business operating processes, the information gathered not only enables an organization to understand the business environment at that specific time so that it can responses to it by building up strategies or amending the policies being carried out, but also allows an organization to monitor and control the entire operation processes. The information also helps an organization to know the demand for new products when exchanging and communicating the information with people involved (Chaffey and White, 2011, p.10); therefore, it is one of the most important asset in an organization. If these information are manage in an effective way, business will be benefit from enhancing the business performance such as improving quality of products and reducing the operation costs. Hence, implementing information strategy can help to manage information and to formulate the corporate strategies effectively. In order to make the information strategy into practice, it is crucial to understand the transformation of information, characteristics of information and how technology can help to manage information.
To being with, transformation
Topic 2: You are an Information Management Consultant. You have been invited to prepare a report for a light engineering company that has no information management experience. Your report should explain the importance of information to a business; the ways in which it should be managed; how technology may be harnessed and, in conclusion: what the benefits will be of adopting your recommendations, as well as the risks of not doing so.
___________________________________________________________________________
In the 21th century, businesses are strongly linked with information and it has become increasingly important to an organization. Within a company, there are numbers of information that have to be processed; for example, information about suppliers, markets, customers, products and human resources. In business operating processes, the information gathered not only enables an organization to understand the business environment at that specific time so that it can responses to it by building up strategies or amending the policies being carried out, but also allows an organization to monitor and control the entire operation processes. The information also helps an organization to know the demand for new products when exchanging and communicating the information with people involved (Chaffey and White, 2011, p.10); therefore, it is one of the most important asset in an organization. If these information are manage in an effective way, business will be benefit from enhancing the business performance such as improving quality of products and reducing the operation costs. Hence, implementing information strategy can help to manage information and to formulate the corporate strategies effectively. In order to make the information strategy into practice, it is crucial to understand the transformation of information, characteristics of information and how technology can help to manage information.
To being with, transformation