Consultancy Management Techniques Essay Example | Topics and Well Written Essays - 1500 words

Consultancy Management Techniques - Essay Example Such management techniques have led to high expectation in terms of making decisions at the corporate level (JLR, 2015). JLR has invested a lot of resources in research and development.The decision to invest resources of an organization requires contemplation.Information used to make decisions in JLR can be found in the internal systems of the company. Most organizations have been increasingly been relying on MIS to collect data on their employees, suppliers, customers and other stakeholders of the business. Consequently, transactions made are recorded in the systems of the company (JLR, 2015). The data collected will then be mined and translated into meaningful information that will be used to make decisions (Laudon and Laudon, 2004). To arrive at proper decisions, the data that is accustomed to the best alternative should be credible. The issue of quality data is very imperative since managers may settle for wrong decisions. Given the authority that has been bestowed to senior managers, they cannot afford to make bad decisions. Managers make capital investment decisions that require them to be very careful before making a step. As a result, the data that is availed to them to interpret so as to make decisions must be of high quality. Data can be termed to be of high quality it meets a number of standards. It should easily be interpretable. Further, there must be free from errors, must be reported in time for decisions to be made it time are among the standards used to assess the quality of data (Laudon and Laudon, 2011). The role of Management Information System is to provide managers with valuable information that can be used to make decisions. In most cases, the information collected must be properly organized. Usually, the data have been in a raw state making it necessary for it to be so that it can be easily interpreted. The most relevant information that is