Lo1- Information flows

Information Flow 

Mean of information relevant to the business from where it is produced and where it can be used

Internal Flows

Information generated by function are and shared with other department with the organization.

External Flows

Information passes to agencies outside the organization. 

The Red line is the External Flows and The Blue line is the Internal Flows

Lo1-BUSINESS FUNCTIONAL AREAS

Choose TWO (2) business functional area

I choose human resource and purchasing 

What is the function of Human resource?

This is the Example of Human Resource

Human resource department that practice strategic management also ensure that all of their objectives are aligned with the mission, vision and goals of the organization of which they are a part. also there can hiring anyone.

Study.com. (2017). Strategic Human Resource Management: Definition & Importance - Video & Lesson Transcript | Study.com. [online] Available at: http://study.com/academy/lesson/strategic-human-resource-management-definition-importance.html [Accessed 21 Jun. 2017].

What is the function of Purchasing?

This is the Example diagram for purchasing.

Reporting to top management

It is also an important function of the purchasing department to prepare weekly, monthly and yearly reports regarding expenditures of this department and send the same to top management along with details of purchases made and suggestions or improvements.

World’s Largest Collection of Essays! Published by Experts. (2013). 13 Important Function of Purchasing Department of an Organisation. [online] Available at: http://www.shareyouressays.com/116403/13-important-function-of-purchasing-department-of-an-organisation [Accessed 21 Jun. 2017].

Lo1. Good Information

The characteristics of a good information are:

Valid 

• Information that is correct.
• Can be used for the purpose that it is needed.

Reliable

• Information that you can rely on as being correct.
• It will be from a valid and trusted source.

Timely

• Information that is from the correct time period.

Fit for purpose

• information the relevant to what you need it for.

Accessible 

• Information that is stored in a way that it can be easily accessed at any time.

Cost effective

• Information that is worth investing the time and money to get to help make business decisions.

Sufficiently accurate 

• Accurate information helps business make the correct decisions.

Relevant

• information that is directly related to your business need.

having the right level of detail

• If someone requests information from you having the correct.

From a souse in which the user has confidence 

• is a reliable and trust worthy source.

Understandable by the user

• the information can be understand 

Lo1

2 Sources of Information:

Internal Information

is vital to the successful management of the organisation. The information may be available from a number of sources within the organisation, for example:

• Marketing and sales information on performance, revenues, markets shares, distribution channels, etc.
• Production and operational information on assets, quality, standards, etc.
• Financial information on profits, costs, margins, cash flows, investments, etc.
• Internal documentation such as order forms, invoices, credit notes, procedural manuals.

External Information

happening beyond the boundaries of the organisation. This covers any documentation relating to a subject area produced as a summary or detailed report by an agency external to an organisation. Such information may be obtainable from government agencies or private information providers.  Examples might include:

• census figures
• telephone directories
• judgments on court cases
• computer users’ yearbook
• legislation, for example
• gallup polls the Data Protection Act
• national opinion polls
• trade journals 
• Ordnance Survey maps
• professional publications
• financial services agencies such
• industry standards as Dunn and Bradstreet
• the Internet

Jhigh.co.uk. (2017). Sources of Information. [online] Available at: http://www.jhigh.co.uk/Intermediate2/Using%20Information/4_sources_of_information.html [Accessed 14 Jun. 2017].

Lo1 - Information system

Lo1-Information System

1. Explain Information System
information system is where that we can get news from internet or social media. from there we can research info.
2.Explain the type of information and give example:

• Qualitative
• Quantitative 
• Primary
• Secondary

Qualitative is when descriptive statements can be made about a subject based on observations, interviews or evaluations.One way to remember this is that the word qualitative is similar to the word quality.
The Example: 

• Beautiful
• Brave
• Clever
• Clumsy
• Conservative
• Dumb
• Easy-going

YourDictionary. (2017). Qualitative Examples. [online] Available at: http://examples.yourdictionary.com/qualitative-examples.html [Accessed 13 Jun. 2017].

Quantitative is data that uses numbers.

The Example: 

• 98% of the graduating high school class is going to college.
• In a first grade classroom there are 12 girls and 9 boys.
• i received 20 emails this morning

YourDictionary. (2017). Examples of Quantitative . [online] Available at: http://examples.yourdictionary.com/examples-of-quantitative.html [Accessed 13 Jun. 2017].

Primary information collected from sources such as personal interviews, questionnaires or surveys with a specific intention and on a specific subject, and observation and discussion by the researcher him or herself, which information is then assessed by that person. 

Example:

Data collected by a student for his/her thesis or research project.

Secondary information that is already available somewhere, whether it be in journals, on the internet, in a company's records or, on a larger scale, in corporate or governmental archives.

Example:Census data being used to analyze the impact of education on career choice and earning.

communitymedicine4asses. (2013). Types of Data: Primary and Secondary data. [online] Available at: https://communitymedicine4asses.wordpress.com/2013/01/07/types-of-data-primary-and-secondary-data/ [Accessed 13 Jun. 2017].