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Factors That Ensure Facilitation Of Decision Making

Contents


Page no.
Introduction 2

Factors that ensure facilitation of decision making 4

Interpreting information, drawing conclusions and providing recommendations 7

Conclusion 9

References 10

Introduction:
Information is the core component of any business or organisation. However, it is essential that this information needs to be recorded and presented in a clear and accurate manner to facilitate any decision making. This will have a direct effect on the success of the business.
On the other hand if all relevant information is available but not recorded and presented in a clear and suitable manner, it is basically of no significant value.

This essay will identify three factors that are essential in practice within the business environment that will ensure the facilitation of decision making. The importance of identifying the source and date of the information provided will be discussed, identifying three problems that may result from failing to complete this task. Furthermore it will be demonstrated as to why it is essential to interpret information, draw conclusions and provide recommendations followed by identifying two problems that will arise if this task has not been completed.

Factors that will ensure facilitation of decision making

Organisation of information
Management of an organisation will often depict the level of detail of information required that will assist them in decision making. It may be that the information could be only relevant to the business itself in the initial stages but at some point it no doubt will...