Task 1 (P1)
Explain how organisations use information.
Type of Information
Qualitative: This is different to quantitative due to the fact that first this can provide question which can be given multiple choice responses for the user to be able to answer.
Quantitative: Is data that can be measured using numerals a good example is a tally which at the end the total numbers are show in numerical figures.
Primary: This is information that is gotten from the organization itself there are many ways that this could be achieved for example using surveys, interviews and so on.
Secondary: This is information gotten from different sources for example this information could be obtained through the internet or perhaps from a newspaper etc.
Purpose of information
Operational: This is …show more content…
Making sure that the information and data being kept in the business is made relevant and valid is a way that a business could improve the quality of its information this means checking the sources and comparing with various others to make sure that the information is correct as if the information was found to be false information then the quality of information in the business would be less reliable.
Having the business know what the purpose of the information is another way if you have specific details of what and why the information is needed then you can get an overview of the type of information required for example if a business asks you to gather information on computers then you know that you know not to gather information about something else only information that is related to computers would be gathered.
Also making sure that the sources that the information is being gotten from is reliable you would want to gather information from sources that are trustworthy not a source like Wikipedia which anyone is able to write and edit information which could result in the information not being
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Information is a key component, which is virtual source in all aspects of business. Information helps create a well balance between analytics, business information, customers, vendors, and sales. Without proper use of information, businesses may struggle to understand components of their business, such as monitoring information, validated decision making, performance measuring, and the ability to identify new business opportunities. In this text, there will dialogue on how a Laboratory Corporation of America, also known as LabCorp, uses each one of these functions, to ensure better business practices, and proper regulatory control of the business components, that make this business strive.
Companies employ a number of data collecting methods across their many departments. In order to be useful data needs to be in the same format, with clear description so what they are, checked for validity, and redundant files compiled. This can take time since just an accounts payable department could have phone messages, emailed messages, and typed messages that all need to be changed and documented. Failure to understand and prepare data properly can lead to false results and wasted time both of which hurt the company (Olsen & Delen,
Research can be quantitative and qualitative. Quantitative research is objective and involves measuring the phenomena under investigation. Qualitative research is subjective, explores experiences and feelings, and involves the recording of phenomena that cannot easily be quantified (Toates, 2010, pp. 5-6). Both are empirical since they involve data collection (OU, n.d.).
Web designers have the job of working alongside clients or organisations to discuss ideas and develop job details and requirements for websites and more recently mobile application development, to provide their end uses a multi-channel window into their systems. They design and develop website content for clients as well as maintaining or coordinating maintenance for those websites once completed and implemented.
Quantitative research uses a deductive reasoning also known as top to bottom or (top down approach) starting with a theory, then the hypothesis, followed by observation and finally confirmation , going from the general to the more specific. Quantitative methods use numbers and statistics to show the results of the research exercise and mainly are concerned with mathematics and statistics. In quantitative research there are levels of measurement being firstly nominal which are names of things followed by ordinal sequence of things, interval where the sequence has equal distance between each item, and ratio where there is a true zero (Alston & Bowles, 2003, p. 7-9).
At the start of the project the problem is defined by the consultant and confirmed by the client. The next step in the consulting process is data collection via a variety of methods. The process of data gathering can be both long and tedious and thus it is essential that consultants attain quality over quality. Some of the most frequently used techniques include group data gathering, interviews, focus groups, surveys, compiling existing documentation and on-site observation. Also some of the common tools used include the STEP analysis- a framework that reviews the external environment by focus on social, technological, environmental and political factors, the SWOT analysis that focuses on the strengths, weaknesses, opportunities and threats relating to the organization, trend analysis and the identification of core competencies.
On the other hand, Quantitative research refers to “variance theory” where quantity describes the research in terms of statistical relationships between different variables (Maxwell, 2013). Quantitative research answers the questions “how much” or “how many?” Quantitative research is an objective, deductive process and is used to quantify attitudes, opinions, behaviors, and other defined variables with generalized results from a larger sample population. Much more structured than qualitative research, quantitative data collection methods include various forms of surveys, personal interviews and telephone interviews, polls, and systematic observations. Methods can be considered “cookie cutter” with a predetermined starting point and a fixed sequence of
__C__ 8. Which of the following scales would be used when the information is qualitative rather than quantitative?
Quantitative studies are primarily numbers based. They deal with large cohort groups as well as analyze large amounts of data. “A quantitative researcher typically tries to measure variables in some way, perhaps by using commonly accepted measures of the physical world (e.g., rulers, thermometers, oscilloscopes) or carefully designed measures of psychological characteristics or behaviors (e.g., tests, questionnaires, rating scales)” (Leedy & Ormrod, 2010, p. 94).
Currently, businesses want to use the information effectively for competitive advantage to make better decisions that improve and optimize business processes, predict the market dynamics accurately, optimize forecasts to adequately maintain resources to name a few reasons.
Quantitative research involves the collection and converting of data into numerical form to enable statistical calculations be made and conclusions drawn. It provides a measure of how people think, feel or behave and uses the statistical analysis to determine the results. However, this measurement results in numbers, or data, being collected, which is then analyzed by using quantitative research methods (Byrne, 2007).
The second dimension is that of the nature of data used in the study. Data used in empirical studies can be numeric, textual or a combination of both. When the basic data used in an empirical study consist of words, the research is classified as qualitative, whereas if the data used are numeric, the research is classified as quantitative. A research design may also combine quantitative and qualitat...