Homework
Length: 2,500 words.
Purpose of the Homework
The homework is designed to provide students the opportunity to demonstrate the skills and knowledge gained from the course to discuss the range of decisions to be taken, examine the information and knowledge needed to ensure effective decision making, assess internal and external sources of information and understanding and suggest recommendations for improvement.
Focusing on a company that you are familiar with, using examples from your own work experience where possible and applying your knowledge on the subject, please attempt answering the following 3 questions:
a. What is the essential information and knowledge required to ensure effective decision making? You need to remember that the challenge for a business is to capture and use information that is relevant and reliable.
b. What are the internal and external sources of information and understanding available for your case company?
c. Suggest ways to improve access to information and knowledge required for effective decision making.
Guidelines:
In your answer to question a, you need to think about, and give examples of, the different types of information and knowledge needed by your case company in order to ensure effective decision making. The examples of types of information and knowledge you can give may be of different forms that include qualitative (descriptive information), quantitative (statistical data), official and unofficial information, tacit and explicit knowledge etc.
Your answer to question b should clearly identify the key sources of information that can help case company. These sources might include internal and external stakeholders of the company, primary and secondary sources of information, team workers and customers. It will be useful to give examples in your answer.
Your answer to question c should identify how the quality and quantity of information could be improved. The speed with which information is gathered could be also improved.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.