Purchase Solution

manage information as a resource

Not what you're looking for?

Ask Custom Question

As a small business owner, information can be one of your key assets.

Why must you, as a business owner, manage information as a resource?
How might the Internet and related communication technologies change your business?
What are some of the ways that information technology can improve productivity and performance in your business?

Purchase this Solution
Solution Summary

Why must you, as a business owner, manage information as a resource?

Solution Preview

Why must you, as a business owner, manage information as a resource?

In today's extremely competitive and dynamic business environment, the importance of managing information is increasing day by day as the information is considered as a key resource for obtaining competitive advantage in today's business environment. In other words, successful and progressive organizations have demonstrated the value and benefits of effective management of information.

Today's businesses have to deal with much more information pool than ever before, due to advancements in technology and communication, such as internet, email and other software tools, which has radically increased the flow, exchange and storage of information. Business owners can make innovative use of information with the help of softwares, such as conducting complex analysis, making projection and forecasts, analyzing competition, creating useful MIS reports,etc.

Thus, the increased use of information in various areas of the business has made it mandatory for businesses, be it small or large, to manage and make most efficient use of available information resources.

How might the Internet and related communication technologies change your business?

Internet and related communication techniques, such as email, Voice Over IP and mesenger, has radically transformed the way business is being today ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Motivation

This tests some key elements of major motivation theories.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

View More Free Quizzes
Related BrainMass Solutions

  • Managing Resources in Project Management

    Creating a resource graph view is a way to make sure team members are not over-allocated. A task usage view shows team members every piece of information relevant to each resource, and each task that resource has to complete.

  • Financial Information Systems

    Why must you, as a business owner, manage information as a resource? I must manage information as a resource because it helps to control the business operations effectively.

  • HRM-r Technology Strategy

    The resources that I will require would be the latest information systems technology, as well as the full cooperation of the human resource management staff.

  • Information as an Asset

    161594 Information as an Asset How does a hotel manage information as an asset? Assess the effectiveness of the different methods. What recommendations for change would you make? If references are used, please state them.

  • Knowledge Management

    Just as knowledge management draws from a wide range of disciplines to develop processes and strategies to manage knowledge. Human resources also draws from a number of disciplines to manage human resources in a systematic and productive manner.

  • Human Resource Development Skills For Manager

    Thank you for using BrainMass.com The review into core competencies in human resource management for succeeding as a human resource manager within a corporation.

  • Financial information, managing info as a resource

    Why must you, as a business owner, manage information as a resource? How might the Internet and related communication technologies change your business?

  • Explanation of common support services in technology

    An end user is an individual or individuals who use or produce information needed. In this case, the end users are the employees of an organization. As end users, we manage and store knowledge within ourselves.

  • Multiproject Resource Scheduling

    Resource scheduling thus tried to eliminate this problem by planning the resource requirements in advance and distributing it in a manner so as to cause least variation and in turn, thus avoid shortage at critical times.

View More Related Solutions