MGTA01H3 Chapter Notes - Chapter 3: Toothpaste, Decision Support System, Information Management
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MGTA01H3 Full Course Notes
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Information manager: the manager responsible for the activities needed to generate, analyze, and disseminate information that a company needs to make good decisions. Information management: an internal operation that arranges the firm"s information resources to support business performance and outcomes: data: raw facts and figures (ex. Fifty million tubes of toothpaste were sold last year. A major dentists" group recently came out in favour of brushing three times a day. ) At one time, information system applications were narrow in scope and technically focused. But then managers soon began using is not merely to solve technical problems, but to analyze management problems, especially for control processes applying quality-control standards to production, comparing costs against budgeted amounts, keeping records on employee absences and turnover. Finally, another basic change in organizations is an increased interdependence between a company"s business strategy and its is. Today, the choice of a business strategy requires and information system that can support that strategy.