GMS 200 Lecture Notes - Lecture 2: Uptodate, Sunk Costs, Selective Perception

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

Document Summary

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. Your competencies: computer competency use computer to their best advantage a. It is necessary for managers to have basic knowledge regarding basic computer concepts, such as, wan, pc vs mac, etc. Information competency use technology to locate, retrieve, evaluate, organize and analyze information for decision making. You are responsible for the decisions you make as a manager, therefore, the info you gather is crucial. Leading: frequent, better communication with stakeholders; objectives stay clear. Systematic rational: step-by-step; analytical; break problem down into small components; plan before action; search for information. Intuitive flexible; spontaneous; creative; quick and broad evaluation; many possible courses of action; deal with many aspects of a problem at once; facts are limited, no precedents.