On a daily basis management will make improvements to attract more customers, bit their competitors, win a larger market share and have a good reputation in the public. Managers will have to decide on what levels improvements are to be made and on what products Tesco a supermarket that announced a record-breaking profit of 2.2 billion is to build a new store of wood, recyclable plastic and other sustainable materials. This is meant to be the greenest store in the world and it’s going to be at Aylsham, Norfolk market. We should not be thinking that Tesco still need to do more, however they are improving everyday.
Organizing Is concerned with identifying activities needed to achieve the objectives and allocating tasks to appropriate individuals and groups. It can include designing systems and ensuring that sufficient quantities of human and physical resources are available. The managers need to make sure that the employees know what is expected of them and the precise extent of their responsibility for carrying out tasks and achieving the objectives. This is greatly done by tactical managers.
Ways in which more accurate business information may be produced from raw data A number of different data processes can be used to transform data into information. Data are raw facts or observations that are considered to have little or no value until they have been processed and transformed into information where as information is the collection of facts organised in some way so that they are meaningful to the recipient. Data processes are used to convert data into information through: – Classification – Rearranging/ sorting – Aggregating – Performing calculations – Selection – Graphical applications – Copy and paste.
This can be through mathematical manipulation or statistical analysis. The manager might use excel 2000, calculator, sage line50 to calculate an employee’s gross pay. He will multiply the number of hours worked by the hourly rate of pay. This will show the finance department the employee’s timesheet thus creation of relevant information and a pay slip will be drafted from such information.
Rearranging / sorting
This involves organizing data so that items are grouped together or placed into particular order, this can be alphabetically or by numerical order. Employee data through the data handling application access 2000 might be sorted according to last name or payroll number. The company will have different customers but they will order at different intervals so the customer’s name might show who buys more frequently than the other.
Copy and paste This is most common in the times of research about different projects. People usually cannot formulate their own ideas if the research requires facts therefore the researcher will depend on data that already exists. However, that data after being summarized to suit a particular requirement will become information Selection This involves choosing items of data based on a set of selection criteria. A sales organistaion like Tesco fore example might create a list of potential customers by selecting those with income above a certain criteria level. Customer’s income is raw data but it is grouped and sorted out for usage, it becomes Tesco’s information.