An Organization Can Improve The Quality Of The Business Information

Companies will distrust their vendors when they have an understanding that their company's information is not being protected, which in turn leaves them vulnerable. Businesses will take business elsewhere to ensure the integrity of their information and to protect their companies well being.

If the above is not done then this can result in businesses wasting money on the wrong thing and the gathering of wrong information can cause lack in customer service on their part resulting in poor quality decisions making the business look less efficient and less organised.

Accuracy - who is responsible for the authenticity accuracy and fidelity of information and who is to be held accountable for the errors that are present in information.

Collection of information is essential to support the major functions and activities of the organisation. To ascertain this it is essential to have regular reports of the organisation and to do this you need regular financial reports and audits. A true vision of the organisation will give any management a better understanding of their situation and will thus help them to make a good viable decision.

All businesses and organisations have to check to see that the information they have stored is accurate. For example, the money coming in and going out have to be correctly recorded otherwise it will look as if the company has not made much profit and it can affect the share prices of the company, affect the employees as the company might not be able to pay the employees and will have to cut down on staff, lenders will not agree to lend money, etc.

It's important to keep up to date with are plans, risk assessments, company policies and procedures and signing them when read. Without up to date information the safety of service users are put at risk as changes in policies companies are there to benefit and protect vulnerable individuals.

However, I feel that their jobs can’t be replaced fully by one information system. The results from various information systems provides a company with the data needed to help a business run smoothly and efficiently. However, just the data alone wouldn’t help with anything if there weren’t a person to analyze the finding and use the information for business growth. They shake each other’s hand, what good is the data if there isn’t someone to interpret

Reliable and valid information is essential to all businesses and organisations because they do not know where they are going and if they get to where they want to be it is more by luck than by good planning. Organisations use information for a variety of purposes and these are as

The lack of compatibility shows up in the form of different types of data that the finance staff receives. This data includes information provided by facilities via hardcopy reports and must be re-entered. Some of the data received is via data files but the information is not in the correct format. The result is to convert the data or redirect the data to the proper account codes. This can be a logistical nightmare for any company because there are so many methods for records keeping. Consolidation of these records will be highly challenging for Riordan while trying to implement and training staff on how to use the new system (Apollo Group, 2005, 2006).

The ability to manage information plays a critical role in developing a firm’s capabilities in customer relationship management, process management and performance management (Mithas, 2011).

Also, the company has to ensure the existence of business processes and ways of acquiring its merchandise possess the traits that can be analyzed, measured, controlled and improved. The firm and the top leadership have to realize that, a sustainable level of quality improvement, calls for the commitment of everybody in the organization and more importantly, the top-level management.

The user has to consider whether the available information is usable or not, because the collected data should be legal and accurate for the application of the project. It is illegal and unethical to use data and information which do not qualify above requirements. The cost that has to be allocated must be considered. The cost must be able to mage by the project manager and it should be a manageable one. The ownership of the data should not be violated and the process of gathering data should not violate the rights of the employees. There are some other ethical considerations too. The project manager must be aware of this and he should take all the measures to protect the ethical considerations of the people and the society (Relkin, 2006). By considering the ethical standards of the society the manager can gain maximum advantage of the process of controlling the employees and marinating the business in the perfect manner.

Verifiability helps to guarantee clients that information represents faithfully the economic phenomena it reasons to symbolize. verifiability defined

Information from internal records is usually quicker and cheaper to get than information from other sources, but it also presents some problems. Because internal information was for other purposes, it may be incomplete or in the wrong form for making marketing decisions. For example, accounting department sales and cost data used for preparing financial statements need adapting for use in evaluating product, sales force or channel performance.

In today’s world, different types of business have emerged and business operations have become the cornerstone of making a success, however the way in which they are operated is what is important. Most businesses hunt the main objective of making a profit without considering how that might affect other factors of society and that is what in most cases diminishes the longevity of the organisation.