Management, 6e Schermerhorn Prepared by Cheryl Wyrick California State Polytechnic University Pomona John Wiley & Sons, Inc COPYRIGHT Copyright 1999 © John Wiley & Sons, Inc. All rights reserved. Reproduction or translation of this work beyond that named in Section 117 of the United States Copyright Act without the express written consent of the copyright owner is unlawful. Request for further information should be addressed to the Permission Department, John Wiley & Sons, Inc. The purchaser may make back-up copies for his/her owner use only and not for distribution or resale. The Publisher assumes no responsibility for errors, omissions, or damages, cause by the use of these programs or from the use of the information contained herein. Chapter 3 Information and Decision Making Planning Ahead – How is information technology changing the workplace? – What are the current directions in information systems? – How is information used for problem solving? – How do managers make decisions? – How do learning and knowledge management create value? Schermerhorn Chapter 3 3 Information Technology and the New Workplace Work and the Electronic Office – Electronic Office • use of computers and related technologies to electronically facilitate operations in an office environment Schermerhorn Chapter 3 4 Information Technology and the New Workplace Electronic Commerce (e-commerce) – commercial transactions take place online • Steps – establish a web site – advance the web site to self-service status – advance the web site to allow transactions Schermerhorn Chapter 3 5 Information Technology and the New Workplace Information Needs of Organizations – Information • data made useful for decision making – intelligence – public Schermerhorn Chapter 3 6 Developments in Information Systems Information Systems – technology to collect, organize, and distribute data in such a way that they become meaningful as information Schermerhorn Chapter 3 7 Developments in Information Systems Success factors for information systems – technical quality of the system – participation and involvement of users in the system design – management support Schermerhorn Chapter 3 8 Developments in Information Systems Chief Information Officer (CIO) – oversees all aspects of computer, information and telecommunications systems – central role in strategic decision-making Schermerhorn Chapter 3 9 Developments in Information Systems Management Information Systems (MIS) – specifically designed to use IT to meet the information needs of managers in daily decision-making Schermerhorn Chapter 3 10 Developments in Information Systems Decision Support Systems (DSS) – special software to allow users to interact directly with a computer to help make decisions for solving complex, unstructured problems Schermerhorn Chapter 3 11 Developments in Information Systems Decision Support Systems – group decision-support systems (GDSS) • interactive computer-based information systems that facilitate group efforts to solve complex problems • groupware – allows several people to simultaneously work together on computer networks Schermerhorn Chapter 3 12 Developments in Information Systems Decision Support Systems – virtual teams • team members who work different shifts or are separated geographically • use groupware to facilitate information exchange and decisionmaking Schermerhorn Chapter 3 13 Developments in Information Systems Artificial Intelligence (AI) – computer systems with capacity to reason the way people do Expert Systems – systems that mimic the way experts think Schermerhorn Chapter 3 14 Developments in Information Systems Intraorganizational Systems and Intranets – Intranets • networks of computers that use special software to allow persons working in various locations of the same organization to share databases and communicate electronically Schermerhorn Chapter 3 15 Developments in Information Systems Intraorganizational Systems and Intranets – Enterprisewide networks • move information quickly and accurately from one point to another within an organization Schermerhorn Chapter 3 16 Developments in Information Systems Intraorganizational Systems and Extranets – networks that use the public Internet to allow communication between the organization and elements in its external environment – electronic data interchange (EDI) allows companies to communicate electronically with one another Schermerhorn Chapter 3 17 Information and Problem Solving Problem – difference between actual and desired situation • performance deficiency • performance opportunity Problem solving – process of identifying a discrepancy and taking action Schermerhorn Chapter 3 18 Information and Problem Solving Types of Managerial Problems – structured • familiar, straightforward – programmed decisions • solutions readily available Schermerhorn Chapter 3 19 Information and Problem Solving Types of Managerial Problems – unstructured • involve ambiguity and information deficiencies • unanticipated – nonprogrammed decisions • specially tailored to a particular situation Schermerhorn Chapter 3 20 Information and Problem Solving Types of Managerial Problems – crisis • unexpected problem that can lead to disaster Schermerhorn Chapter 3 21 Information and Problem Solving Problem Environments – certainty – risk – uncertainty Schermerhorn Chapter 3 22 Information and Problem Solving How Managers Deal with Problems – problem avoiders – problem solvers – problem seekers Schermerhorn Chapter 3 23 Information and Problem Solving How Managers Deal with Problems – systematic thinking – intuitive thinking – multidimensional thinking • applying intuitive and systematic thinking Schermerhorn Chapter 3 24 Information and Problem Solving How Managers Deal with Problems – strategic opportunism • ability to remain focused on long-term objectives and be flexible enough to resolve short-term challenges in a timely manner Schermerhorn Chapter 3 25 The Decision-Making Process Typical Approach – identify and define problem – generate and evaluate possible solutions – choose a solution and conduct an ethics double check – implement solution – evaluate results Schermerhorn Chapter 3 26 The Decision-Making Process Step 1: Identify and Define Problem – avoid the following • defining problem too broadly or narrowly • focus on symptoms • choose wrong problem Schermerhorn Chapter 3 27 The Decision-Making Process Step 2: Generate and Evaluate Possible Solutions – Criteria • • • • • benefits costs timeliness acceptability ethical soundness Schermerhorn Chapter 3 28 The Decision-Making Process Step 3: Choose Solution and Conduct Ethics Double Check – Decision-making models • classical decision model – results in optimizing decision • administrative decision model – results in satisficing Schermerhorn Chapter 3 29 The Decision-Making Process Step 3: Choose Solution and Conduct Ethics Double Check – Judgmental heuristics • simplifying strategies for decision making – availability – representativeness – anchoring and adjustment Schermerhorn Chapter 3 30 The Decision-Making Process Step 3: Choose Solution and Conduct Ethics Double Check – Escalating commitment • increase effort and resources to enhance a course of action that is not working – Conduct ethics double check Schermerhorn Chapter 3 31 The Decision-Making Process Step 4: Implement the Solution – Establish appropriate action plans – Avoid lack-of-participation error Schermerhorn Chapter 3 32 The Decision-Making Process Step 5: Evaluate Results – Form of managerial control – Easier if solution has measurable targets and timetables – Examine positive and negative consequences Schermerhorn Chapter 3 33 Learning and Knowledge Management Organizational Learning – mental models – personal mastery – systems thinking – shared vision – team learning Schermerhorn Chapter 3 34 Learning and Knowledge Management Lifelong Learning – continuously learning from daily life and opportunities Schermerhorn Chapter 3 35 Learning and Knowledge Management Knowledge Management – processes through which organizations develop, organize and share knowledge to achieve competitive advantage • Chief Knowledge Officer (CKO) – energizes learning processes – manages organization’s intellectual assets Schermerhorn Chapter 3 36