[GMS 200] - Final Exam Guide - Everything you need to know! (32 pages long)

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

Document Summary

Gms 200: introduction to global management lecture 2. Information and knowledge- basic linkages: k(cid:374)o(cid:449)ledge a(cid:374)d k(cid:374)o(cid:449)ledge (cid:449)orkers pro(cid:448)ide a de(cid:272)isi(cid:448)e (cid:272)o(cid:373)petiti(cid:448)e fa(cid:272)tor i(cid:374) today"s economy, knowledge worker. Someone whose value to the organization rests with intellect, not physical capabilities. Shared knowledge of a workforce that can be used to create wealth. What is useful information: data- raw facts and observations. Information drives management functions: characteristics of useful information: Figure 13. 1 internal and external information needs of an organization. Implications of it within organizations: facilitation of communication and information sharing, operating with fewer middle managers, flattening of organizational structures, faster decision making. Figure 13. 3 information technology is breaking barriers and changing organizations. Information system- use of the latest it to collect organize and distribute data for decision making: management information system (mis)- specifically designed to meet the information needs of managers in daily decision making. Figure 12. 4 the manager as an information-processing nerve center.