GMS 200 Lecture Notes - Lecture 2: Design Thinking, Selective Perception, Uptodate

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Career and personal success increasingly require 3 must-have competencies: technology competency (hardware oriented) the ability to understand new. 2. technology and use them to their best advantage. Information competency (information oriented) use technology to locate, retrieve, evaluate, organize, and analyze information for decision making: analytic competency the ability to evaluate and analyze information to make actual decisions and solve real problems. Data is not information, data are raw facts and observations. Information is data made useful for decision making. The management process of polc is driven by information. There are 5 criteria for useful information: timely re: deadlines, high quality re: used with confidence, complete re: current & up-to-date, relevant re: appropriate for the task, understandable re: clear. The term analytics describes the systematic evaluation and analysis of information to make decisions. Think of it as putting data to work for informed decision-making. An important key to managerial performance is information technology, which helps us acquire, store, and process information.