In Information Systems what type of information is required by Top Management for strategic decision making ?

CS Professional · Information Technology and Systems Audit · PYQS · June 2019
In Information Systems what type of information is required by Top Management for strategic decision making ?

Answer & Explanation:

People in different management levels have different information needs. Top level management includes strategic managers, and directors, who make decisions that affect the entire organization, or large parts of it, and leave an impact in the long run. Managers at different organizational levels have diverse information requirements. In order to efficiently do their work, must managers diagnose their information needs. Top management of a company comprises the owners/managing director of a company. They are responsible for taking strategic decisions for a company which has long term bearing on company policies and perspectives. Strategic management is responsible for making strategic plan which is necessary to take the company on growth path. To prepare strategic Plan, Top management is not concerned about day today information of company operations. They do the macro analysis and their decisions are based on macro-analysis. Generally the Strategic Management information needs comprises Information about market trend- Macro analysis. Information about Government Policies. Information about Competitors policies and tactics Information about Major exceptions in implementing the company policy at tactical/operation level. Analysis about major happening/event which may have a long term bearing on the strategic decisions of the company.

Topics: Information Systems

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