Information Based Decision Making Essay

Information Management has to do with capturing information, efficient planning, organizing and evaluating the information to interpret for an organization to make well informed decisions. (Hinton, 2006) The main reason organizations depend on information is to improve its overall management in

Information management is a conscious process that needs to be planned. Having regular updates of the business is information gathered and this assists in any decision making. This is to be used by the business and is most useful at the starting point of the decision making process. The information gathered should be used at all levels of the business not just at senior management positions.

Information theory is the modern theory of organization that views organizations as requiring constant input of information in order to continue functioning systemically and productively; assumes that a lack of information will lead to chaos in organizational operations (p.165). Decision making includes making a choice to alter some existing condition, choosing one course of action in preference to others, expending some amount of organizational assets or individual resources to implement the decision, and acting with the expectation of gaining something desirable (p.194). Things that are important to the decision-making process includes increasing potential gains, monitoring the ongoing decisional process, and reducing the resource expenditure, uncertainty, and risk involved in achieving whatever gains are made (p. 195). Through every carefully thought out decision the government makes on behalf of its citizens there are risks involved. A risk involved in routine decision making is that decision makers may fail to perceive a need to reconsider existing policy or program assumptions on which routine decisions are based (p.195).

* Sample: The sample is limited to a small proportion of working professionals in Western Sydney and may not accurately reflect the population of working professionals.

In the previous section we determined the impact of management information on decision making process within an organisation. One of the Critical Success Factors (CSF) that enables effective decision making is “Information sharing”. This allows managers to take the right decision at the right time.

Information is data that has been processed so that it has meaning and value to a recipient,

Information theory is the modern theory of organization that views organizations as requiring constant input of information in order to continue functioning systemically and productively; assumes that a lack of information will lead to chaos in organizational operations (p.165). Decision making includes making a choice to alter some existing condition, choosing one course of action in preference to others, expending some amount of organizational assets or individual resources to implement the decision, and acting with the expectation of gaining something desirable (p.194). Things that are important to the decision-making process includes increasing potential gains, monitoring the ongoing decisional process, and reducing the resource expenditure, uncertainty, and risk involved in achieving whatever gains are made (p. 195). Through every carefully thought out decision the government makes on behalf of its citizens there are risks involved. A risk involved in routine decision making is that decision makers may fail to perceive a need to reconsider existing policy or program assumptions on which routine decisions are based (p.195).

Data comprises of factual information. Data are the facts from which information is derived. Data is not necessarily informative on its own but needs to be structured, interpreted, analysed and contextualised. Once data undergoes this process, it transforms in to information. Information should be accessible and understood by the reader without needing to be interpreted or manipulated in any way.

We describe the results of quantitative information theoretic analyses of neural encoding, particularly in the primate visual, olfactory, taste, hippocampal, and orbitofrontal cortex. Most of the information turns out to be encoded by the firing rates of the neurons that is by the number of spikes in a short time window. This has been shown to be a robust code, for the firing rate representations of different neurons are close to independent for small populations of neurons. Moreover, the information can be read fast from such encoding, in as little as 20 ms. In quantitative information theoretic studies, only a little additional information is available in temporal encoding involving stimulus-dependent synchronization of different neurons,

Christian Today and The Dallas Morning News tag The Potter’s House as one of the fastest growing churches in the nation. The church has more than 30,000 members and 59 ministries. Due to strong growth, the church needs additional space for it ministries. The management of the church is considering three alternatives of expanding its capacity to meet the demand of the ministries. The alternatives include: leasing additional space at its current location in Dallas, staying in Dallas but leasing new space, and moving the entire ministries operations to Houston. If the management decides to lease additional space at its current location, they have the option to move to Houston or lease new space at Dallas after five years if the church survives. The concept of decision tree will be used in this paper to analyze each alternative to advice the management the best alternative with the lowest cost. Decision tree will be used in this analysis because it is a convenient way to lay out steps of a capacity problem. The decision tree format helps not only on understanding the problem but also in finding a solution.

Organizational behavior helps managers to improve the organization in a good way. Decision making process is the one of the behavior in human organizational behavior. According to McShane and Von Glinow (2000), “decision making a conscious process of making choices among one or more alternatives with the intention of moving toward some desired state of affairs”. Decision making is a linear process and it includes six steps such as identifying the problems, gather and evaluate data, list and evaluate alternatives, select best action, implement the decision and getter feedback (refer to Figure 1 in Appendix 1).

The board should be able to draw on information from the management development program to evaluate each manager in relation to the qualities that everyone

My process of evaluating information is entirely dependent on the medium through which I receive the information. It differs greatly between people, online outlets, and televised information. While my methods are different for each resource, and are by no means foolproof, they have proven to be the most effective at disseminating and examining information as objectively as possible.

There are a number of different problem solving methods, techniques and styles, and the purpose of this paper is to explore some of those differences. One can apply a systematic approach to problem solving, an emotional approach or an intuitive or ‘gut feel’ approach. Further, there are procedures and formulas to follow or, one can just pontificate the variables and use a philosophical slant which involves perspectives such as “In order to fully understand the answer, one must more fully understand the question” (Chinese proverb, author unknown).

Definition 1 Research (Text Book) = The systematic collection and interpretation of information with a clear purpose, to find things out (Saunders, Lewis, & Thornhill, 2009)