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Successful businesses understand the importance of managing critical resources. From employees to materials it is widely known that managing these resources correctly can lead to success. One resource that is often overlooked is information. "Decision makers are beginning to understand that information is not just a by-product of conducting business; rather, it fuels business and can be the critical factor in determining the success or failure of a business." (Avison)
Information is comprised of data which is "raw facts and figures"(Ebert, 2005, p359). Information is "the meaningful, useful interpretation of data" (Ebert, 2005, p359). Businesses operate on information (AIU Online Virtual Campus, 2001-2006) and will either effectively organize it and access it efficiently, or they will struggle to compile it every time it is needed (Ebert, 2005). As a business owner this is one of the main reasons that it is important to manage information as a resource.
Managing information saves......
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Title: Managing Information
Approximate Word Count: 733
Approximate Pages: 3 (250 words per double-spaced page)
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