GMS 200 Lecture 2: GMS 200 WEEK TWO LECTURE NOTES

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Doug Bower

Document Summary

The role of information in the management process: problem solving and managerial decisions, how managers approach problems and decisions, the decision-making process. Information, technology, and management: managers must have. Potential pitfalls and sources of creativity in managerial decision-making: technological competency, ability to understand new technologies and to use them to their best advantage. Ex: telegraphs back in the day changed the global management field, this allowed countries to send messages/communicate with each other. Information: data made useful and meaningful for decision-making. Characteristics of useful information: timely the information is available when needed. It meets deadlines for decision-making and action: high quality the information is accurate, and it is reliable. It can be used with confidence: complete the information is complete and sufficient for the task at hand. It is as current and up to date as possible: relevant the information is appropriate for the task at hand.