GMS 200 Chapter Notes - Chapter 13: Satisficing, Availability Heuristic, Frameshift Mutation

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

Career success requires two must have competencies: computer competency-the ability to understand computers and to use them to their best advantage; and information competency the ability to use technology to locate, retrieve, evaluate, organize, and analyze information for decision-making. Information is data made useful for decision-making. The management process of planning, organizing, leading, and controlling is driven by information. Information that is truly useful in management meets the test of these five criteria: 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; it is free from extraneous or irrelevant materials. Understandable-the information is clear and easily understood by the user; it is free from unnecessary detail.