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Information that a business has can help them make money, or it could lead to the business' demise. When a business manages the information, they are protecting their best interests.
Information systems assist in business planning because they store information and analyze it. They also assist with making decisions and business processes.
There are three different levels of business information. 1) Insider information: this is information that is only held by the business, directors and officers of that business. This information is considered "insider information." Using insider information is illegal under the Securities Exchange Act of 1933 and 1934. 2) Semi-public information is the level of information that is known to people that are involved in business. 3) Public information is information that everyone knows. For example, insider information could be a business planning a merger. This information would be very useful to know because investors could dump or buy stock, resulting in a lot of money. When the business announces to the press that they are planning a merger, then the information has become semi-public meaning that the stockholders of that business now know. The information will become public when non-stockholders are aware of the merger.
what are some of the business drivers for todays information system
The strategic role of information in business has always been primarily to drive sales. It is dependent on the business model being used and the type of business practiced.
If you are conducting qualitative research you are attempting to discover the entire picture, it is used when it is necessary to find out the why and how of a phenomenon, including it's underlying factors. Quantitative research, as opposed to qualitative, is the search for empirical, mathematical, data without regard to any information which cannot be quantified in a meaningful way.
Qualitative data is information that can not be measured, such as the colour of your eyes. Qualitative data descriobes
Qualitative data is information that is not in numerical form.
Qualitative characteristic of accounting information are sometimes at odds of each other
Qualitative data is information that is not in numerical form.
Definition of business reportA business report is a standard form of business communication that combines qualitative and quantitative information in a logical format, serving as critical corporate documentation. Business reports present information-based views of the enterprise to appropriate audiences and can be automatically individualized for each user.
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There are many websites which offer information about qualitative research. Some of these are Survey Gizmo, Marketing Donut and Social Research Methods.
Media convergence with regard to business is a phenomenon that involves interlocking of computing and information technology companies, telecommunications networks, and content providers from the publishing worlds of newspapers, magazines, music, radio, television, films, and entertainment software.
In regard to commerce, encryption is intended to protect credit card information. Business suffers when consumers do not feel their credit card information is secure.
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Numerical information