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Complete 3 page APA formatted essay: Principles of Information Systems in Business and Organization.Additionally, it refers to information or knowledge that is coded. Information on the other hand, re
Complete 3 page APA formatted essay: Principles of Information Systems in Business and Organization.
Additionally, it refers to information or knowledge that is coded. Information on the other hand, refers to the data that is accurate, timely, organized and specific. It also covers data that is presented in a form that has a meaning and relevance. Knowledge entails the understanding of the information and facts through the process of learning,
experience or education. This paper aims at discussing how data, information and knowledge are applicable in the context of administrative behavior theory.
Administrative behavior theory refers to the process through which individuals work in an organization. The theory, which was established by Herbert Simon, indicates that individual in high positions make decisions while those in lower position make decisions with a bit higher factual component (Levinson, 2007). Additionally, it indicates that activities can only be evaluated against the goals set. Simon covers two major concepts within the administrative behavior. The first one is the bounded rationality. This concept covers the cognitive limitations of decision makers. It also indicates that during receiving, storing and receiving information as well as in solving problems, individuals face limitations. Other issues that are covered by the bounded rationality includes recognizing the costs of processing as well as gathering information, limiting the available utility functions and possibility of having a multi-valued and a vector function. Simon second concept is satisficing. This refers to the attempts to attain at least minimum value of a certain valuable without striving to achieve the minimum value of it.
During satisficing, individuals use various strategies to get the data that is applied to identify the solution that satisfies a set of constraints. For example, during optimization, if X denotes set of options, and S .⊆ .X portrays the satisfying options, then an optimization
