Explore BrainMass

Value of Information

It has been said that information is power and that the separation between economically well-off nations, individuals, companies, and the like and those that are not (economically well-off) is the use and control of information.

What is the value of information? How does it affect the viability and competitive of nations? Give one specific example of a nation that has accomplished this and how it was achieved.

Solution Preview

Information, in today's business context, is an extremely valuable source of competitive advantage for companies, nations and even individuals because information acts as a critical success factor in accurate and informed decision making and allows individuals and companies and even nations to exploit growth opportunities in a much more informed and better manner.

Information empowers today's ...

Solution Summary

The Value of Information: Affect to the viability and competitive of nations