Forms and sources of industrial and business information
Presented byMPHIL Students INS 814
The aim of this research is to explore the various forms and sources of industrial and business information that are in existence globally and to identify those available in Kenya and therefore enable one to utilize them in service provision.
To outline and identify the sources of industrial and business information To outline and identify the forms of industrial and business information To examine the trends of conventional information sources to the current information sources in industrial and business information To explore and evaluate the different sources of industrial and business information
API – A particular set of rules (code) and specifications that software programs can follow to communicate with each other The Bullwhip effect - Occurs when the demand order variabilities in the supply chain are amplified as they moved up the supply chain Business – An economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth Company –A group of firms that offer a product or a class of products that are close substitutes to one another DLX - Data Link Express Software DTIC – The Defense Technical Information Centre EIU - Economist Intelligence Unit IEEE - Institute of Electrical and Electronics Engineers, is a professional association dedicated to advancing technological innovation and excellence for the benefit of humanity Information - Is processed data that is meaningful IRS – Internal Revenue Service, the revenue service of the United States Federal Government NSS – National Statistical System ODG – Open Government Data Product –A set of basic attributes assembled in an identifiable form SWOT Analysis – An analysis of strengths, weaknesses, external opportunities and threats of a business unit
Information found in different forms – e.g. general surveys, data, articles, books, references, comp any records Examples of information sources: reports, brochures, journals, reference materials, pamphlets, books, directories, etc. Poor quality information – a loss to society and stake-holders, affects safety, well-being There is a shift from industrial economy to knowledge economy – knowledge sources are critical With transnational trade enterprises are increasingly seeking information on the nations of their business interests
Print– e.g. reports, brochures, journals, reference materials, pamphlets, books, directories Electronic forms – e.g. databases, company websites, audio visual and DVDs
Ranganathan’s Views Conventional Document Neo-conventional Documents Non-Conventional Documents Meta DocumentsGrogan’s Views – (commonly usedtoday) Primary Sources – original or nascent contribution e.g. periodicals, websites, conference proceedings, patents, theses, standards, specifications Secondary Sources – primary information sources repackaged eg. Indexes & abstracts of periodicals, books, Tertiary Sources – secondary sources processed into year books, bibliographies, union catalogues
Business Information – Internal & External Information – company staff, consumers- information that a business can use to guide its planning, operations and evaluation of its activities- Okello-Obura et al. (2008) observes that whatever source of business information may be, such a source must be credible and acceptable- Important for Strategic Planning- External - information that is obtained from outside the business, used at strategic level of the organization. Eg. catalogues, books, trade journals, newspapers and brochures- Internal - sources generated from and found within the business/organization. significant at the operational level in organizations. E.g. transaction records such as sales and production records
Company Information - stakeholders- Information generated by the company with information about the company. E.g. brochures and pamphlets, company websites, company profiles, company reports and accounts, strategic plans, business plans, business and industrial directories and indexes, company prospectus Product Information – for consumers- Information about a product, its characteristics and how it should be used and supported- It is everything that the buyer needs to know to obtain the product and use it to achieve the desired result- Today, product information is provided to improve on public image of its firm.- Examples – pamphlets, advertisements, brochures,
Market Information- must be timely, organized, useful and in a simple form if it is to ease decision making- Marketing information is about how we understand, think about and deal with the environment, i.e. the customer, the partner and the competitor- Eg. Market Research, Advertisments Technical Information- information related to the momentum of a particular variable- Technical information is engineering, evaluation and research and development information associated with design, production, operation, use, and/or maintenance of an equipment, machine, process or system- Forms - manuals, standards, technical reports, guidelines, books, technical related journals, periodicals and pamphlets- Sources – IEEE Digital Library, CIGRE
Financial Information-helps an investor evaluate investment alternatives based on his risks and rewards and selects those investments that meet his objectives- Sources - are financial statements, financial reports, business and financial news, annual reports and accounts, company websites, etc. Statistical Information- Statistics are concerned with the collection, classification, analysis, and interpretation of numeric facts or data- Sources - standard reference sources from the almanac, and encyclopedia to a financial service and statistical abstracts. Eg. Business Periodicals Index, Statistical Record Of Asian Americans
Trade Marks & Trade (brand)Names- A trade mark is a sign which can distinguish your goods and services from those of your competitors- It will serve to protect, differentiate and add-value to what you do – and therefore make your business stand out in the crowd- Trade name is a name used to identify a commercial product or service, which may or may not be registered as a trademark
Patent- An intellectual property right- Its purpose is to support research and development and to expose and avail creations of new knowledge of public use and development- It’s frequently used in product oriented fields- Used in the field of medicine, chemistry and technology Standards- Standards help to make sure that products and services are fit for their purpose and are comparable and compatible- Groups of standards – dimensional, quality, standard test methods, standard terminology, Code of practice, physical and scientific.
Trade Literature- that which disseminates information on the latest advances in material production and in occupations not dealing with the production of material goods- always intended for a specific group of specialists- Trade publications soon become outdated owing to scientific and technical progress.- Sources – house journals, catalogues, guides, handbooks and manuals, monographs and serial publications, etc.
Bharat Book Bureau Haver Analytics CBRNIAC – CBRN START, CBME, DTIC, OCLC IHS Global Insight IEEE Xplore Digital libraryINFORMATION SOURCES IN KENYA The Kenyan Open Data World Bank Enterprise Surveys The Kenya National Bureau of Statistics Kenya Bureau of Standards Institute of Economic Affairs – Kenya
What forms are available and appropriate for the different sources of information? What modes and media are available to ensure the different sources of information reach its specific recipients? How can public libraries ensure accessible of different sources of information by the users?
Business and industrial sectors need to have access to adequate information to enhance productivity and to facilitate market access What is Crucial for economic growth- Information systems- Utilization of quality business information- Sufficient and timely access to information- Awareness of relevant information sources- Appropriate means for access to information