Data that is (1) accurate and timely, (2) specific and organized for a purpose, (3) presented within a context that gives it meaning and relevance, and (4) can lead to an increase in understanding and decrease in uncertainty.
Information is valuable because it can affect behavior, a decision, or an outcome. For example, if a manager is told his/her company's net profit decreased in the past month, he/she may use this information as a reason to cut financial spending for the next month. A piece of information is considered valueless if, after receiving it, things remain unchanged. For a technical definition of information see information theory.
- How to Make Money with Facebook
- Using Technology to Maximize Efficiency
- How to Read an Earnings Report
- How to Read a Salesperson
- Government Aide for Minority Small Business Owners
- Internet Marketing Methods for Small Businesses
- Self-Employed Retirement Plans: Which Is Right for You? *
- Explanation of the Capital Gains Tax and Related Issues *