tailieunhanh - The Use of Information in Decision Making Literature Review for the Audit Commission

In certain circumstances, some of the Group’s investees may require a qualified majority to adopt certain , together with other factors, is taken into account when selecting the consolidation method. All material accounts and transactions between the consolidated companies were eliminated on returns generated on transactions involving capitalizable goods or services by subsidiaries with other Telefónica Group companies were eliminated on consolidation. The financial statements of the consolidated companies have the same financial year-end as the parent company’s individual financial statements and are prepared using the same accounting the case of Group companies whose accounting and valuation methods. | The Use of Information in Decision Making Literature Review for the Audit Commission Prepared by Dr Mike Kennerley and Dr Steve Mason Centre for Business Performance Cranfield School of Management Executive 1. 2. Extracting Value from 3. Using 1. Which Data Information to 2. Data 3. Data analysis 4. Data 5. 6. Decision Making Action Supporting 4. Application in 5. What can we Learn from the History of Measurement .35 6. Judgement in 7. The Use of Information in Decision Making Executive Summary The Audit Commission commissioned the Centre for Business Performance to produce a report on the use of information in decision making. The report forms part of the Commission s national study Making better use of information to drive improvement in local public services and is a review of the literature on what can be learnt form the private sector on the use of information in decision making. The report was commissioned because the issue of how information can be used to improve the quality of decisions is one that is common to public and private sector contexts. The report draws together the literature which informs the use of information in decision making with examples from practice. The literature addressing this topic is broad wide ranging and necessarily multi-disciplinary in nature. Whilst the management literature contributes considerably to the subject other disciplines including social science information technology psychology and measurement theory are also related. It is not surprising therefore that there is not agreement on the mechanisms and approaches to decision making. Private sector organisations have access to almost unlimited data of different types and relating to different areas of their operations. The collection and manipulation of .