Data-driven organizations make decisions that can be backed up ...

[appyboo]

Data-driven organizations make decisions that can be backed up with verifiable data and are measurably more profitable than those that aren't.
 
  Indicate whether the statement is true or false

Question 2

Explain the organizational requirements for innovation.
 
  What will be an ideal response?

[ladyjames123]

Answer to Question 1

TRUE

Answer to Question 2

There are three types of organizational requirements for innovation:
1. Process requirements-To deploy innovative information systems well, people in the organization must be willing to do whatever they can to bypass and eliminate internal bureaucracy, set aside political squabbles, and pull together for the common good.
2. Resource requirements-Organizations deploying innovative information systems must also have the human capital necessary to deploy the new systems. The organization must have enough employees available with the proper systems knowledge, skills, time, and other resources to deploy these systems. Alternatively, the organization must have resources and able systems partners available to outsource the development of such systems if necessary.
3. Risk tolerance requirements-The last characteristic of an organization ready for the deployment of innovative information systems is that its members must have the appropriate tolerance for risk and uncertainty as well as the willingness to deploy and use new systems that may not be as proven and pervasive as more traditional technologies. If people within the organization desire low risk in their use of information systems, then gambling on cutting-edge systems will probably not be desirable or tolerable for them.