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Important information about too much information

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Response for both these questions relative to the role of a manager.

When making plans, is it possible for a manager have too much information or consider too many perspectives? In other words, does informed planning risk become bogged down by considering too many sources or stakeholders?

What factors outside your company influence the decisions that managers make? Describe at least one factor for each of the four functions of management, and weigh the influence of each. How much influence should external factors have over managerial decision making?

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Solution Summary

When making plans, is it possible for a manager have too much information or consider too many perspectives? In other words, does informed planning risk become bogged down by considering too many sources or stakeholders?

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The possibility of having too much information or considering too many perspectives really varies from situation to situation. Many a times, a manager has to take quick and strong decisions without evaluating too many alternatives or considerations and similarly, he might have to evaluate a wide range of options, alternatives, perspectives of stakeholders and too much information to take critical decisions. The factors that affect such scenarios include importance of decision, timeframe required for decision or urgency of situation, volume of information or alternatives, authority of manager, etc.

Yes, it is true that numerous times, informed planning risk may become bogged down by too much information or too many sources ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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