From Chapter 6, understanding the value of information in today's society is more important for a person's career than at any other time in history. Equally important to valuing information is understanding the various types of information as they relate to making decisions in businesses and organizations. For this week's assignment, please think of a business (try to think of something not mentioned in the book) and answer each of the following questions as they relate to the business you chose:
What is your business? - Provide a sentence or two introducing the business you chose for the context of this assignment.
Information Granularity - Generate an example of both fine and coarse information that relates to specific decisions that would be made by your business of choice. Do not simply use the generic examples from the textbook, create specific examples that pertain to your business.
Transactional versus Analytical Information - Generate an example of both transactional and analytical information that relate to specific decisions that would be made by your business. Again, create specific examples that pertain to your business
Real-time Information - Generate an example of real-time information that relates to a specific decision that would be made in your business. Do not simply use one of the generic examples from the textbook, create an example specific to your business.
The Cost of Poor Information - Research sources outside of the textbook to find an actual example of how poor information led to making a wrong decision for ANY business. If you have an actual example from your place of work (or someone you know), excellent - use it!
Draft your answers in a Word document.