Question

In: Economics

1. Define what a knowledge worker is and discuss the significance of the knowledge worker in...

1. Define what a knowledge worker is and discuss the significance of the knowledge worker in today’s business world

. 2. Define and differentiate between the terms information and data.

3. What is the relationship between problem solving and decision making?

Solutions

Expert Solution

1)" A worker who works at the task of handling or using information, called knowledge worker."

" A worker is who works on the basis of his knowledge or information for living."

In the earlier times, one man had to control all the business with the help of labour or servants. Business area was too small due to slow transport and lack of far connections. But today's business world becoming wider and wiser day by day. Now a business man can't rely only on labour. Business area becomes bigger than before and it needs intellect people more than before or more than one. So the business firm have to recruit well trained 'knowledge workers' for bigger area and requirements. Knowledge workers are very important for today's competitive business world.

2) data is raw form of information. If the information is not in specific manner. Data can be characters or number etc. On the other hand information is processed form of data so human can understand it. Information is useful and logical that formed by arrangement of data.

3) problem solving is earlier stage of decision making. It is analytical method to find the best solutions of problem.

And decision making is the process of pick and work on the best solution.

We can apply both on single problem because they are stages of solution.


Related Solutions

1. Define what a knowledge worker is and discuss the significance of the knowledge worker in...
1. Define what a knowledge worker is and discuss the significance of the knowledge worker in today’s business world. 2. Define and differentiate between the terms information and data. 3. What is the relationship between problem solving and decision making? 4. What role can Excel play in decision making? 5. Describe a time you have performed a what-if analysis. 6. Describe a situation in which having access to large amounts of information had a negative impact on your decision making....
Define what a knowledge worker is and discuss the significance of the knowledge worker in today’s...
Define what a knowledge worker is and discuss the significance of the knowledge worker in today’s business world.
what is the difference between knowledge worker and learning worker? what are the characteristics of a...
what is the difference between knowledge worker and learning worker? what are the characteristics of a " learning worker"? (200 minimum)
Discuss the following types of knowledge . 1.Explicit knowledge 2.Tacit knowledge
Discuss the following types of knowledge . 1.Explicit knowledge 2.Tacit knowledge
1. Exposure/dose: a. Define and discuss the significance and differences between exposure-response evaluation and dose-response assessment....
1. Exposure/dose: a. Define and discuss the significance and differences between exposure-response evaluation and dose-response assessment. b. Give an example of how each would be used. 2. Define the following terms and describe how they are used. a. RfD b. RfC c. NOAEL d. LOAEL e. MDD 3. Formaldehyde is a chemical that has been known to be present in certain types of flooring. a. List the chemical properties of formaldehyde. b. List the physical properties of formaldehyde c. List...
A social worker was interested in determining whether there is a significance difference in the average...
A social worker was interested in determining whether there is a significance difference in the average monthly cost per child for childcare outside the home between state supported facilities and privately owned facilities. Two independent random samples yielded the following information: State Supported Facilities (population 1) Privately Owned Facilities (population 2) Sample Size 64 64 Sample Mean 705 675 Standard Deviation 95 80 Which Excel will calculate the test statistic? a. =(705-675)/(SQRT(95/64+80/64)) b. =(705-675)/(SQRT(95^2/8+80^2/8)) c. =(705-675)/(SQRT(95/8+80/8)) d. =(705-675)/(SQRT(95^2/64+80^2/64))
how will social worker continue to grow in their knowledge of core value and/ or ethical...
how will social worker continue to grow in their knowledge of core value and/ or ethical principle? And under what conditions might it be difficult to comply with the value or principle due to religious wordview or belief systems.
subject : Knowledge management 1. What is your understanding of the term Knowledge and Knowledge Management?...
subject : Knowledge management 1. What is your understanding of the term Knowledge and Knowledge Management? 2. What lessons can we learn from history to improve the quality of knowledge management within organizations? Word Limit: 250-300 Words
Define and explain the significance of Niccolò Machiavelli.
Define and explain the significance of Niccolò Machiavelli.
Define and explain the significance of the Continental System.
Define and explain the significance of the Continental System.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT