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Characteristics of Information

The four basic characteristics of information that a manager would find useful are accuracy, timeliness, completeness, and relevancy. Which do you think is the most important? Why? Find an example from a big organisation (500 - 750 words with references).

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In the process of communication, information can be useful only, when it is accurate and relevant. Moreover, information is important, when it has characters to timeliness and completeness (Griffin, 2007). These are the basic characters of useful information and without having these features, information has no value.
Accuracy: Information should be accurate, so that it has a value for the manager to use and take further steps as per available information. Accuracy of information can be understood as the reliability and validity of the message and data. If the information is not reliable and valid, it has no value (Konda, 2008). It is an important element of the information because, it shows the reality, so that the communicators can believe on the information. For example, if a finance manager needs to calculate the profitability of the firm, he should have exact and real data.
Timeliness: This is the second characteristic of the information, which enhances its value for a manager. Timeliness means, information should communicate and receive ...

Solution Summary

Characteristics of information are examined.