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"Database Systems for Management" icon

Database Systems for Management

Organizations capture and process data for a variety of reasons. Accounting data are used to measure the financial health and vitality of the enterprise: It is useful to internal corporate management in keeping track of how the firm is performing; it is useful to people outside the firm, such as investors interested in the firm's stock and bankers to whom the firm has applied for a loan. Records on a host of other organizational entities, including employees, inventories, customers, and suppliers, are required as well. One of the main uses of data relates to making decisions. A manager must decide, for example, on the price of the firm's product or on how many units of the product to produce. An investor must decide whether to invest in a firm; a banker must decide whether to make a loan.... Show More

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