Interim management class lectures_131339810-Lecture-Note_2

Jul 29th, 2015
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MODULE 1INFORMATION FOR MANAGEMENTMotivationLarge number of jobs today for computer science and engineering graduatesis in creating information systems for managing organizations. Studentsshould know what is information and how it is different from data, shouldknow nature of organizations and their structure to design appropriateinformation system, should know management structure and needs of eachlevel of management & should know functional areas of management andinformation needs for each areaLEARNING UNIT 1Data and Information, types of information : Operational,tactical, strategic, StatutoryDATA AND INFORMATIONDATA is a raw material with which we begin. Collecting data costs moneyand hence one must collect necessary and sufficient data. Data is generallyused by machines and is useless unless it is processed to createINFORMATION.INFORMATION is Processed data, used by managers to initiate actions andto run the organization efficiently. The data processed by machines givesinformationTYPES OF INFORMATIONSTRATEGIC : Needed for long range planning and directions. This is lessstructured.TACTICAL : Needed to take short range decisions to improve profitabilityand performance.OPERATIONAL : Needed for day to day operations of the organization.Eg: Daily Sales, Billing.STATUTORY : Needed by law to sent to government authorities.Eg: Sales tax return.MANAGEMENT HIERARCHY AND INFORMATION NEEDSVolume ofInformationType ofInformationLowconde

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