MGMT1136 Study Guide - Quiz Guide: Swot Analysis, Vertical Integration, Availability Heuristic

• School: UWA
• Department: Management
• Course: MGMT1136
• Professor: Professor Peter Goldschmidt

Document Summary

Chap 7,8,9: planning and decision making (tut 8) Data: any quantified measured values or observations that become useful for decision making. For this information to be useful it needs to be organised and analysed. Information systems use information technology to collect and distribute date which in turn is used for decision making. Information technology, computer literacy and information literacy all feed into the (cid:373)a(cid:374)ager(cid:859)s (cid:858)(cid:374)erve (cid:272)e(cid:374)tre(cid:859) Decisional roles (info used for entrepreneurship and negotiation), informational roles (info sought, received and transferred), and interpersonal roles (info used for ceremonies, motivation and networking) are included in this process. Programmed decisions: apply solutions (from past experiences) to a routine problem. Non programmed decisions: apply solutions crafted for a unique problem. Certain environments: offers complete information on possible action alternatives and their consequences. Isk e(cid:374)viro(cid:374)(cid:373)e(cid:374)t: la(cid:272)ks i(cid:374)for(cid:373)atio(cid:374), (cid:271)ut offers (cid:858)pro(cid:271)a(cid:271)ilities(cid:859) of the likely out(cid:272)o(cid:373)es for possible action alternatives.