The amount of data needed for effective management decisions varies by context but should prioritize relevance and quality over sheer volume. Managers need sufficient data to identify trends, evaluate options, and forecast outcomes. Excessive data can lead to analysis paralysis, where decision-making is delayed due to overanalyzing. Conversely, insufficient data can result in poorly informed decisions. Ultimately, the goal is to gather enough pertinent, high-quality data to make informed, bad time simulator timely decisions without being overwhelmed.
