MGTA02H3 Lecture Notes - Enterprise Resource Planning, Organizational Architecture, Mass Customization
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MGTA02H3 Full Course Notes
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Document Summary
Information managers are the managers responsible for the activities needed to generate, analyze, and disseminate information that a company needs to make good decisions. Information management is an internal operation that arranges the firm"s information resources to support business performance and outcomes. Data are raw facts and figures, it lacks analysis and content (ie: my midterm mark was. Information is a meaningful, useful interpretation of data (ie: my midterm mark was 78%. The challenge for businesses is to turn a flood of data into information and to manage that information to their best advantage. Knowledge is through education and experience, we use information to make decisions (ie: my marks are above average, i"m near top of the class, and i"ll continue my current study habits). Information: vehicle sales are lowest in january and highest in april. Knowledge: auto sales are seasonal and should build cars in the winter and sell cars in the spring.
