Log in | Register | Contact Us | View Cart

 

No comments

Information

Information is application of data in context. Information also has the element that it can be acted upon. The weight of an elephant, for example, is a piece of data. Knowing if a bridge is strong enough for the elephant to cross is information.

Information can be costly to acquire. Generally speaking, the harder a piece of information is to learn, the more of a competitive advantage it bestows. When everyone knows something, there is often no way to use the information in a unique way.

 

If you like this reference guide, please help us spread the word about it!

Add a Comment

Share Your Thoughts    |No comments|

Leave a Reply

You must be logged in to post a comment.

Copyright © 2009-2016, Velaction Continuous Improvement, LLC | Legal Information