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Department weekly meeting
Describe and give examples of primary & secondary sources of data
Explain key issues regarding storage of information
Using Business decision making models to aid decision making
Data - Raw facts obtained from secondary and primary sources. Businesses cannot take decisions based upon raw facts
Information - Processed data. Decisions can be made using processed data
The better the quality of information, the better the quality of business decisions
All businesses have a legal, regulatory and ethical responsibility to store data correctly.
There are many laws that impact how a business needs to store their data including: Data Protection Act 2018 and EU Data Protection
Regulations (GDPR) and the Freedom of Information Act
1 Define the problem – what do you want to
know?
2 Collect data – from secondary and primary
data sources
3 Analyse the data – process the data to obtain
information
4 Present the results – in charts, diagrams
5 Draw conclusions – to inform the decision
Representative Values
Name
Name