What information is relevant for decision-making? Relevant And Irrelevant Information

Information that is both relevant and irrelevant

Smith et. al., 2021. A new study found that the Journal of Management has identified relevant information as “information required for decision making to make an informed decision.” It can also include external and internal factors that could have an impact on the decision made. These may include market trends and regulations, as well as organizational goals and objectives. Smith and colleagues, 2021). Information about an organization’s internal policies regarding HR would be irrelevant to a decision making process, for example. The context of an organization is critical for decision-making effectiveness because it allows the decision maker to evaluate all possible factors that might impact the final outcome.