For consumer, suppliers, local community, government etc, in order to know more about the business. In case someone is willing to put any shares into the business. – To take their staff as their best asset and Tesco depend on the skills and commitment of their staffs. Tesco aims to be a good employer, attracting and retaining the best staff and making Tesco a rewarding place to work. However, if Tesco was to have invalid information or inaccurate data, it wouldn’t make any purpose neither to the business nor to the outsiders, such as customers ect. The information needs to be valid with a relevant and accurate purpose and meaningful to the business. Information validation is very essential. This is where in this task it would be very useful to Tesco if I would check the source, error management, policy development, and integrated evaluation
Explain ways in which more accurate business information can be produced from raw data: Qualitative sources are primary data, they involve the use of qualitative data, such as interviews, documents, and participant observation data, to understand and explain job specifications.
Quantitative sources are the systematic scientific investigation of quantitative properties and phenomena and their relationships. Quantitative research are secondary data, this kind of data has to do with numbers and figure like accounts, but not letter or words this kind of data is that has already been gathered and this could be the number of people who are to turn up for the interview, staff turnover, staff who are taking holidays, organisation’s financial annual report, tesco group sales, tesco number of stores etc. all this information is collected from the raw data to be processed.
Internal sources of information that is exchanged with-in the organsation, it is the linked between different departments such as: The financial department who might send the Human resouces people that there is a group of people in the finance department who might need trainning. External sources of information comes from outside the company. The external information for the Human Resources department might be the applicants CV that he provides for the interview.
How Tesco competes by collecting accurate information: They do give people opportunity to download on their E-mail about any kind of information that could be positive or negative about the business. This is gathered as raw information and enables Tesco to understand what people talk about them. This role is practiced by the marketing department called “Email Tesco and competition commission”