Question
There are several key questions to ask yourself in anticipation of finalizing a data collection strategy: What is the value and purpose of the data
There are several key questions to ask yourself in anticipation of finalizing a data collection strategy: What is the value and purpose of the data you wish to collect in the context of the management problem or opportunity? What exactly do you want to know to help you make an informed judgment? The big question is this: Where and how can you efficiently and effectively find the right information?
There are two types of data to consider; these are commonly referred to as primary or secondary data. Primary data is data that you collect yourself. While you will not be collecting data for the course project, if you do propose collecting primary data you should justify the feasibility of doing so based on time, cost, and ability to access participants and other units of observation. Secondary datais data that was collected and documented by someone else in an earlier time. Examples of secondary data include government publications, website information, books, journal articles, and organizational records and documents.
To prepare for this Discussion, explore the scope of data requirements to support your decision making, referring to the analysis you conducted in the management decision framework wheel. View the recommended Walden Library webinar. Explore the list of primary and secondary sources in this week's resources.
Post a summary of the types of data that are needed to support your management decision-making processes. Based on your review of this week's resources, appraise potential primary and secondary data collection tools and resources to support management decision-making processes.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started