Professional Documents
Culture Documents
Globalization
Technological Change
Knowledge Management
Collaboration across boundaries
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Globalization
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Technological Change
Problems
Stress when employees/supervisors do not set
limits on being connected
Lengthening of the workday due to constant access
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Knowledge Management
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Collaboration across Boundaries
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Managing for Competitive Advantage
Key Concept Definition
Innovation The introduction of new goods and
services
Quality The excellence of your product
Service Giving customers what they want or
need, the way they want it
Speed Fast and timely execution, response, and
delivery of results
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Innovation
Managers must adapt to
Changes in consumer demand
Changes in new competitors
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Quality
Quality standards are increasing
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Service
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Speed
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Cost Competitiveness
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Defining Management
Management
The process of working with people and resources to
accomplish organizational goals effectively and
efficiently
Effectiveness
Achieving organizational goals
Efficiency
Achieving goals with minimal waste of money, time,
materials, and people
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The Functions of Management
Planning Delivering strategic value
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MANAGERS AS INFORMATION
SYSTEM USERS
Managers exist at various managerial levels
and within various business areas of the firm
What level an IS is developed for influences
how it operates (see Figure 1.11)
The 3 primary management levels are (see
Figure 1.12):
1. Strategic planning level
2. Management control level
3. Operational control level
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What Managers Do
Managerial Functions (Managers do the
following):
Plan what they are to do
Organize to meet the plan
Staff their organization with resources
Direct them to execute the plan
Control the resources, keeping them on course (see
Figure 1.13)
Managerial Roles:
Mintzbergs framework is made of 10 roles that
managers play, grouped into interpersonal,
informational, and decisional activities (see Table 1.1)
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Management Skills
Key Skill Definition
Technical skill The ability to perform a specialized task involving
a particular method or process
Conceptual and The ability to identify and resolve problems for the
decisional skills benefit of the organization and its members
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You and Your Career
Emotional intelligence
Understanding yourself
Managing yourself
Dealing effectively with others
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You and Your Career
Understanding yourself
Realizing your strengths and limitations
Manage yourself
Dealing with your emotions
Making good decisions
Seeking and using feedback
Exercising self-control
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You and Your Career
Tips for Success
Be self-reliant
Be connected
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You and Your Career
Social capital
Goodwill stemming from your social relationships
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THE ROLE OF INFORMATION IN
MANAGEMENT
Businesses use information systems
To make sound decisions
To solve problems
Problem is any undesirable situation
Decision arises when more than one solution
to problem exists
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THE ROLE OF INFORMATION IN
MANAGEMENT
While a problem can be harmful or potentially
harmful to a firm in a negative way, it can also be
beneficial or potentially beneficial in a positive way
The outcome of the problem-solving activity is a
solution
A decision is a particular selected course of action
Simon described problem-solving as being made up
of four phases:
Intelligence activity
Design activity
Choice activity
Review activity 29
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THE ROLE OF INFORMATION IN
MANAGEMENT
Problem solving and decision making require
information
Keys to success in business are
Gathering correct information
Storing information
Using information
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