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SMGT 366
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Management 366 Exam 1
4 primary operations in the processing function
read, insert, modify, delete
four non-routine cognitive skills discussed in the chapter 1
-Abstract reasoning
- Systems thinking
- Collaboration
- Ability to experiment
Abstract Reasoning
Ability to make and manipulate models
-Learn to use and construct abstract
models
Systems Thinking
Ability to model system components, connect inputs, and outputs among
components to reflect structure and dynamics
Ability to discuss, illustrate, critique systems; compare alternative systems;
apply different systems to different situations
,Collaboration
People working together to achieve a
common goal, result, or work product
Ability to Experiment
Make reasoned analysis of an opportunity; develop and evaluate possible
solutions
"I've never done this before."
"I don't know how to do it."
"But will it work?"
"Is it too weird for the market?"
Fear of failure paralyzes many good people and ideas
Management Information Systems
Management and use of Information Systems that help organizations achieve
their strategic goals
Information technology (IT)
Products
Methods
Inventions
, Standards
IT components = Hardware + Software + Data
IT + Procedures + People = Information Systems(IS)
Rapid technological change and increased
international competition:
Requires skills and the ability to adapt
Advantage for people with strong non-routine
cognitive skills
The Most Important Class in Business?
Information Age
-Production, distribution, control of information primary driver of the economy
Digital Revolution
-From mechanical and analog devices to digital devices
The Most Important Class in Business?
Technology is fundamentally changing business.
Business professionals need to:
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