Business data is information that is captured and stored by a business as a digital asset that may support strategy, decision making and day-to-day operations. The term “internal finance” (or internal sources of finance) itself suggests the very nature of finance/capital.This is the finance or capital which is generated internally by the business unlike finances such as loan which is externally arranged by banks or financial institutions. on the other contrary, secondary data collection sources are government publications, websites, books, journal articles, internal records etc. External data is data that is collected by other people or organizations from your organization's external environment. Mining internal sources of data Data mining is a process of discovering interesting knowledge, such as patterns, associations, changes, anomalies and significant structures from large amount of data stored in databases and data warehouses. Q 12 . Generally,there are three sources of data: internal,external,and generated. 34.66.153.118/32 35.225.125.80/32 ‍ In any organization, following are the most common internal sources of recruitment: Transfer: Transfer means shifting an employee from one job to another, typically of similar nature, without any change in his rank and responsibility.The purpose of an employee transfer is to enable him to get well-versed with the broad-based view of the organization which is essential for the promotions in future. Naturally, a verification of data before actual use is necessary: Availability: Internal sources areeasily available and that too without any extra cost. Strategic management is a powerful way to run businesses. Q 13 . Data gathering may take a long time to collect. Depending on the measure, data can be collected from different sources, including medical records, patient surveys, and administrative databases used to pay bills or to manage care. For the many developers (developers, developers) building on top of Microsoft databases, I'm excited to announce that Internal now fully supports SQL Server as a data source. Internal and External Analysis in Strategic Management: Final Thoughts. Similarly, it is asked, what are internal sources of data? Related questions. Internal data sources can include information systems such as a radiology information system, a cancer registry, or the patient financial system. Customer profiles, Sales analysis reports, inventory analysis, production reports, cost analyses, marketing budgets, and profit-and-loss statements. Gathering data on your own organization is a much more complicated phenomenon than we might suspect. Sources that are available within the organization. The secondary sources can be classified into two categories via. ADVERTISEMENTS: What are the sources of Secondary Data? → Sources of Secondary Data Collection. It may involve having to purchase equipment such as data loggers and computers. Answer (1 of 2): Internal sources of information are those which can give valuable information regarding the organization from the internal sources of organization. Internal data can come from a variety of sources and departments—from sales reports, financial documents, human resources information, or elsewhere. External data includes data that is collected from the external environment outside of the organization. Information is also required to convey decisions taken to the people responsible for implementing the decisions taken, and for monitoring the actual results achieved as the work progresses. Be sure that all internal sources of information are always up-to-date, and monitor the external sources. Internal data is data retrieved from inside the company to make decisions for successful operations. 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