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8.2.2 Information characteristics versus decision types

In business, different types of decisions require different types of information, as the table below demonstrates.

Table 2 Seven characteristic differences between operational control and strategic planning

Characteristic

Operational Control

Strategic Planning

Time frame

Historical

Predictive

Expectation

Anticipated

Surprise

Source

Internal

External

Scope

Detailed

Summary

Frequency

Real-time

Periodic

Organisation

Highly structured

Loosely structured

Accuracy

Highly accurate

Not overly accurate

 

Activity 4

Complete the following questions to examine workplace information within your own context.

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