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Summary Unit 26 - Managing Business Information (21011c)
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unit 26 managing business information
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L3 Btec National Extended Diploma in BusinessUnt 26: Managing Business Information
Subject Teacher: Silver King
Klein luyindula
UNIT 26: MANAGING BUSINESS INFORMATION
Trainee Business Consultants Recommendations
Report Template Guidance
To: Silver King (Chief Consultant)
From:
Copies to: Sainsbury’s
Date:
Subject: Outcome of Preparatory Review and Results of Operational Implementation
SECTION 1: INTRODUCTION
The importance of business information is to outline the significance of information within the
organization. The Business functions and information can be grouped together and managed in
different layers to form and support the hierarchy of management for instance focusing on the
importance of characteristics. Focusing on the importance of qualitative information, qualitative
information and primary, secondary information within an organization for example Qualitative data
is important in determining the frequency of traits or characteristics. It allows the statistician or the
researchers to form parameters through which larger data sets can be observed. Qualitative data
provides the means by which observers can quantify the world around them.
Primary research is extremely important for an organization such as tesla because it helps them to
gather first-hand information about the needs of the market. The information which is retrieved
from the research provides key insights which can be used to inform product development and
create changes within tesla organizational policies. Secondary research is very important when
researching because it provides support for data which is previously found, while furthering research
through added question and perspectives. It is important that the quality of information has
standards because of the precise criteria designed to be used consistently as a guideline or definition
ensures the structure in information and increases the reliability and effectiveness of information
that is provided. Quality of information management standards are to ensure the details of
requirements, specifications, guidelines and characteristics that products, services and processes
should consistently meet in order to ensure: their quality matches expectations. they are fit for
purpose. they meet the needs of their users.
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, L3 Btec National Extended Diploma in Business
Unt 26: Managing Business Information
Subject Teacher: Silver King
Klein luyindula
Quantity information have an impact on Sainsbury’s as an organizations effective decision making
such as their financial and sales sources. Firstly, the financial sources impact Sainsbury’s decisions on
how they review and evaluate their financial chart & reports to be able to conclude their decisions
on what strategies should be put into place. I can also refer to this to the sales sources as sales is a
vital key of such a huge organization like Sainsbury’s so the business must also evaluate sales chart
alongside the financial reports and evaluates the strategies in order to improve the performance of
the business. It is important for Sainsbury’s to constantly track and record both their transactions
and activities because monitoring the records will allow the organization to identify all of the day-to-
day activities, expenditures, asset, liabilities all of these points are helpful to Sainsbury’s when their
trying to figure out a way of analysing their strengths and weaknesses which then help to them
create better financial decisions
When describing the roles and responsibilities of the mangers they are a series of examples activities
in which they are tasked with for instance they must perform functions such as planning, organizing,
staffing, directions many of these functions are vital to the ensure a large organization such as
Sainsbury’s runs smoothly as well as meeting their daily targets. It is important that the sequencing
of management decision is incorporated within an organization as this helps to prevent to optimize
the decisions in terms or minimizing the loses and maximizing the gains as well as observing the
costs.
SECTION 2: MAIN BODY
2.1: Outcome of Preparatory Review – (your critical viewpoint and recommendation)
Sainsbury’s
J Sainsbury’s plc trading is a large multinational store. Sainsbury’s is currently listed as the
second largest chain of supermarkets in the United Kingdom with 16.0% share of the
supermarket sector. The supermarket chain was found in 1869 by John James Sainsbury with
the first store opening in Drury lane, London the company used to hold the lead for the
largest retailer of groceries back in 1922.Sainsburys business objectives is to solely deliver a
reliable service to their customers by helping their live well for less ensuring customers get
the most out of life and providing easy affordable access to the things such as healthy food,
quality clothes, stylish homewares and many more things with their slogan of ‘we help our
customers live well today and tomorrow’.
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