Information Asymmetry According to Site's Author (Ionwyn Sean):
Information in businesses is really needed to make decisions. Accurate and fast information is highly required to support the process of this decision making. Information asymmetry is liable to be inaccurate, unclean, and not true.
An integrated system is highly required to cover business activities so decisions will be taken according to information to make it effective and efficient. Integrated information system should start from small information.
Information gives us knowledge about advantages, disadvantages, weaknesses, strength, and plan of everything we want to know.
Depending on how we use it, it determines how information should be asymmetry or symmetry. Most of information asymmetry was eliminated by the internet. In business people may now, know the exact price, compare a price with another price.
According to most examples covered in this website, it concludes that almost all asymmetric information is used for bad side of business purposes.
An integrated system is highly required to cover business activities so decisions will be taken according to information to make it effective and efficient. Integrated information system should start from small information.
Information gives us knowledge about advantages, disadvantages, weaknesses, strength, and plan of everything we want to know.
Depending on how we use it, it determines how information should be asymmetry or symmetry. Most of information asymmetry was eliminated by the internet. In business people may now, know the exact price, compare a price with another price.
According to most examples covered in this website, it concludes that almost all asymmetric information is used for bad side of business purposes.
Copyright © 2011 Ionwyn Sean
