University of Maryland Global how Information Supports Decision Making Discussion 300 word reply Data is statistics and facts that are collected together

University of Maryland Global how Information Supports Decision Making Discussion 300 word reply

Data is statistics and facts that are collected together for analyzing or reference (UMGC, n.d.). When it comes down to retail business, data can be used to help companies and people make decisions depending on what level they are when it comes down to the decision making. The three levels are operational, managerial, and strategic. The best thing about this tool is that it can help support and improve the decision making throughout the whole organization. How it is only a tool and is not built to take/replace the human factor; everyone is still required to make a decision (UMGC, n.d.).

Don't use plagiarized sources. Get Your Custom Essay on
University of Maryland Global how Information Supports Decision Making Discussion 300 word reply Data is statistics and facts that are collected together
Just from $13/Page
Order Essay

The senior or sometimes known as the executive level of a company tend to more concerned about strategy rather than what happens in middle management or patterns. Let us say for example the price for the type of material for the companies good is rising and it seems to continue to rise. The management on senior or executive level would need to make a decision on if they should increase the price on the good as a whole. In order to consider this decision, they need to figure out how much of the market can bear, or whether they need to switch to a different alternative, and also if the alternative would not degrade the current good (UMGC, n.d.).

Pretty much the level of strategic overlooks information relating to sales figures. The main area this level focuses on is the increase amount in the market share. The types decision they would make is deciding whether they would need to discontinue a good that is under performing. The IT system can help develop a report of products sale volumes is not meeting the projected volume (UMGC, n.d.).

References

UMGC. (n.d.). How information supports decision making. Retrieved from https://learn.umuc.edu/d2l/le/content/445319/viewC…

UMGC. (n.d.). Data. Retrieved from https://learn.umuc.edu/d2l/le/content/445319/viewC…

Original Post

Using IT for Decision Making

First, read Week 2 Content on Data and How Information Supports Decision Making, paying particular attention to the Levels of Decision Making. For purposes of this discussion, we will use a retail business as an example. This retail business is comprised of the corporate headquarters, regions (oversees several stores in a geographic area) and individual stores. Each of these aligns to one of the three levels of decision makers in an organization.

Main Postings: Select one of the levels of decision making and identify one decision that a manager at that level might make. The decision must relate to the retail business and what it does. Then, explain what information a manager at that level might get from the IT systems (such as inventory management or customer information system) to aid in making that decision.

Example: Managerial Level: The Regional Director makes a decision to shift inventory that is not selling in one store to another store where sales in those items are high. To support this decision, the Regional Director would need information on sales of specific products by store.

Remember – the Group 2 initial posting is due by Wednesday midnight; it should be about two short paragraphs in length, supported by external research, and it should be posted by clicking on “Start a New Thread”. Please look at what has been posted by your classmates before choosing your examples and then select something that has not yet been discussed, if possible. Let’s try to spread the discussion across as many examples as possible.

Then members of Groups 1, 3 and 4 should reply to at least three different postings by other classmates before Sunday midnight. Responses to initial postings should be specific and assess whether posting accurately and sufficiently addresses the questions asked in the discussion topic and should incorporate relevant research correctly. Explain your assessment as to why the information is or is not correct and/or complete, providing correct information to enhance the discussion.

Members of Group 2 should read the responses and reply to a minimum of two responses, reacting to the response and furthering the discussion.

All students have a responsibility to check back and see if any questions have been posed to them and to respond as you would in a classroom setting. Use the Grading Rubric posted in the Discussion area to ensure your posting meets the expectations.

Homework Writings Pro
Calculate your paper price
Pages (550 words)
Approximate price: -

Why should I choose Homework Writings Pro as my essay writing service?

We Follow Instructions and Give Quality Papers

We are strict in following paper instructions. You are welcome to provide directions to your writer, who will follow it as a law in customizing your paper. Quality is guaranteed! Every paper is carefully checked before delivery. Our writers are professionals and always deliver the highest quality work.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Reasonable Prices and Free Unlimited Revisions

Typical student budget? No problem. Affordable rates, generous discounts - the more you order, the more you save. We reward loyalty and welcome new customers. Furthermore, if you think we missed something, please send your order for a free review. You can do this yourself by logging into your personal account or by contacting our support..

Essay Delivered On Time and 100% Money-Back-Guarantee

Your essay will arrive on time, or even before your deadline – even if you request your paper within hours. You won’t be kept waiting, so relax and work on other tasks.We also guatantee a refund in case you decide to cancel your order.

100% Original Essay and Confidentiality

Anti-plagiarism policy. The authenticity of each essay is carefully checked, resulting in truly unique works. Our collaboration is a secret kept safe with us. We only need your email address to send you a unique username and password. We never share personal customer information.

24/7 Customer Support

We recognize that people around the world use our services in different time zones, so we have a support team that is happy to help you use our service. Our writing service has a 24/7 support policy. Contact us and discover all the details that may interest you!

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Our reputation for excellence in providing professional tailor-made essay writing services to students of different academic levels is the best proof of our reliability and quality of service we offer.

Essays

Essay Writing Service

When using our academic writing services, you can get help with different types of work including college essays, research articles, writing, essay writing, various academic reports, book reports and so on. Whatever your task, homeworkwritingspro.com has experienced specialists qualified enough to handle it professionally.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our professional editor will check your grammar to make sure it is free from errors. You can rest assured that we will do our best to provide you with a piece of dignified academic writing. Homeworkwritingpro experts can manage any assignment in any academic field.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.