Week 6: 13.4 Information and Data

This week we’ll be looking at the topic of Information. We need to look to

• Understand management information needs: the concept of relevance and methods of interpretation. 
• Understand that information has many characteristics and can be classified in many ways. 
• Discuss the value of information in aiding the decision making process. 
• Understand the difference between internal and external information requirements.
• Describe the characteristics of good information and delivery.
• Describe the advantages and characteristics of good information within an applications context.

A decent set of notes can be found here, taken from the Fatmax website. Summarise, or add to them as you see fit.