(13) What are the criteria to be followed for making information most useful?
Answer: Following criteria need to be followed for making
information most useful:
(1)Relevant:
- Information should be relevant to the business area they address.
- This is important because a report that includes unnecessary information might be ignored.
(2)Timely:
- Many times old information may not be relevant in current time.
- Managers need to know what’s happening now or in the recent past to make decisions about the future.
(3)Accurate:
- Accuracy of the information is of utmost importance.
- Managers and others who rely on MIS reports can’t make sound decisions with information that is wrong.
(4)Structured:
- Structured Information helps management understand what the report is saying.
- Try to break long passages of information into more readable blocks or paragraphs and give theme meaningful headings.