Consultancy Management Techniques Essay Example | Topics and Well Written Essays - 1500 words - 1

Consultancy Management Techniques - Essay Example For internal sources of data, maintaining data quality is not that important as data is extracted through company generated reports whose authenticity is verified. For external sources of data to ensure data quality care must be put on selecting a good data source. Data should be extracted only from reputed research firm, company reports and other reputed reporting agencies. Information that needs to go in a management report depends on the type of management report. Mostly the information that goes into a management report is financial data, industry analysis reports etc. The report actually presents a picture of the specified area and how it affects the management. Sometimes vision of top executives and other qualitative information may also go into a management report. In a management report the data used can be both qualitative and quantitative. The quantitative data represents those data which can be statistically or mathematically analyzed. There is certain other form of data which cannot be analysed in this manner and those data represents qualitative data. Qualitative data are those data which represents what an industry expert views about the future of a particular industry and likewise (Johnson, and Christensen, 2008. Â  ). The data that will be collected by the company in the course of operation will be huge. The data will be of all sorts ranging from sales data, to financial data, to industry data, to human resource data. This is a digital age which means that the data collection mechanism has seen a rapid change and so the amount of data collected and will be huge. Collecting the data is just an initial step in creating the management report. The next important step is to select and keep the relevant data and discard the rest. To understand which data is relevant and which is to be discarded, it is very important to define the scope of management report. Once the scope and purpose of the management