0
As a business owner why do i need to manage information as a resource?
Wiki User
∙ 12y ago
As a business our resources are the things that we have at our disposal. These things help us develop and define our business, our Product/Service and sales/profits.
Materials are just one resource that we use to produce our products/service so that we can make a sale/profit.
Finance is another resource we use to help guide the business and engineer our growth in the future.
Human resources are another resource to help the business running soomth and stay profitable. Employee input can greatly affect/benefit the business in so many ways.
So is Information, Information as a resource helps bring together our company so all information is available for any purpose. That makes information our most valued asset.
Bringing Information together helps;
In planning/organizing the Business
Keep sales on a steady up climb
Create new product/Service Ideas
In Marketing your Product/Service
Dealing with customer wants/needs
All these things help to increase sales/profit, which is why the company is in business. Information as a resource can not be ignored, it has so much possible to increase sales/profit that if ignored would mean that company never really lived up to it's fill potential, if it even stayed in business.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the Manufacturing Plan in a business plan?
A manufacturing plan describes how the business owner plans to create and manage manufacturing processes. It can contain information about facilities, materials, equipment, personnel, storage, logisitcs, and any other sub-process related to manufacturing.
What is the need of coordination in business management?
For higher productivity in an organisation. Maintain the smooth and good relationship between subordinates and owner and for Human Resource Development.
What is the definition and proper usage for the word Managed?
The definition and proper usage of the word managed is to handle or direct with skill. An example of the proper use of the word manage is "The business is managed by the owner's daughter.".
Can a business owner become a business manager?
yes
What are the duties of a small business manager?
Sole Proprietor: Owner of that business
Why must you as a business owner manage information as a resource?
why businesses must manage information effetively
What does a proprietor manage?
The word proprietor is usually synonomous with 'business owner'. A proprietor manages & runs a business.
How much semi truck owner makes money?
That all depends on how well they can manage their business. Most aspiring owner/operators don't make it.
Where can one find information on vacation rentals by the owner?
Information on vacation rentals by owner can be found on the web, in local advertisements, or through local tourism boards. The web is a great resource for owner rentals.
What is the Manufacturing Plan in a business plan?
A manufacturing plan describes how the business owner plans to create and manage manufacturing processes. It can contain information about facilities, materials, equipment, personnel, storage, logisitcs, and any other sub-process related to manufacturing.
Who are the stakeholder in Human Resource management?
The typical stakeholders in Human Resource Management are members from all levels of the business. This usually includes the owner, employees, insurance companies and customers.
Should a private business owner buy the 990 tax software?
While I am not a small business owner myself, I know how daunting it can be to choose tax software. A good resource is tax software reviews, which can be found at: tax-software-review.toptenreviews.com/
Where can I get more information on how to rent a business?
To rent a business, you need to talk to the owner of the business that you are renting. This will lead to the most successful business making you the most money.
Who are the direct users of information in accounting?
the shareholders or the owner of the business are the direct users of the account
What is the need of coordination in business management?
For higher productivity in an organisation. Maintain the smooth and good relationship between subordinates and owner and for Human Resource Development.
A business owner wishes to know which clients are the highest paying clients of his business. What tool is he likely to use to find this information?
sorting
Which access control model allows the owner of the resource to choose who can access the resource?
Discretionary access controlnswer Explanation: The discretionary access control (DAC) model permits the owner of a resource to identify the users who can access the resource. You become the owner of the resource by either creating the resource or by being granted ownership of that resource. You grant access to the resources using access control lists (ACLs).
