The Importance of Information To Entrepreneurs, workers and Experts

All businesses have access to a wide range of information. This information may be management skills, planning or understanding consumers’ needs. The way a business makes use of this knowledge is a strong determinant in the growth of the organization. Information in business does not only affect big organizations but also small scale enterprises. The aim of this paper is to highlight the primary sources of information that relate to entrepreneurs, workers and experts as well as identify new opportunities for small businesses. It also focuses on best practices to harness and develop any given information.

Key words; information, entrepreneurs, business, sharing & information communication technology (ICT) costumers.

THESIS

A business whether multinational or small scale can miss prospective business and even get into regulatory issues if they are not abreast with information relevant to their industry

INTRODUCTION

Information is facts and skills acquired though something (education) or experience (someone). (oxford dictionaries, 2013). Information is not far-fetched. In every business there is useful information, which can be found in opinions of staff, the mission and vision of the organization and plans for future product and services. Numerous studies have been conducted on various forms of information relevant to business and how business owners can harness them. However, frequent studies also suggest that this same information can be a downfall to the business. For example, a report on market prices or competitor market can be based on falsehood and bias. This paper examines th...

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...formation that can be shared can be sold or licensed. An entrepreneur can be a consultant in his or her industry

Works Cited

Gregory T. Sica, M. M. (n.d.). radiology. Retrieved December 4, 2013, from http://pubs.rsna.org/doi/full/10.1148/radiol.2383041109

Inforpreneurs. (n.d.). Retrieved December 3, 2013, from http://www.infoentrepreneurs.org/en/guides/importance-of-knowledge-to-a-growing-business/

Markovich, M. (n.d.). houston chronicle. Retrieved December 4, 2013, from Chron: http://smallbusiness.chron.com/disadvantages-using-technology-business-23450.html oxford dictionaries. (2013). Retrieved 11 04, 2013, from oxford university press: http://www.oxforddictionaries.com/definition/english/knowledge

Petersen, L. (2013). Chron. Retrieved november 03, 2013, from houston chronicles: http://smallbusiness.chron.com/importance-information-sources-workplace-13809.html