StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

MGT 601: WEEK 2 DQ 1 - Assignment Example

Comments (0) Cite this document
Summary
Thus, EIS applies critical information from sections within an organization to facilitate senior level management (Leidner, Elam 1993). The…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
MGT 601: WEEK 2 DQ 1
Read TextPreview

Extract of sample "MGT 601: WEEK 2 DQ 1"

Introduction Decision Making Tools Executive Information System (EIS) refers to focused information system that support senior-level decision-making and management. Thus, EIS applies critical information from sections within an organization to facilitate senior level management (Leidner, Elam 1993). The accessibility of reliable information and sources is an important aspect of executive decision-making.
Decision-making entails scanning, communication and monitoring of data. Efficient decision-making process, therefore, include swiftness off issue identification, degree of problem analysis and decision-making approaches. The whole process of decision-making depends on a mixture of; competent leadership and sound judgment, technology, high-quality data accessibility, trust and flexibility of the organizational structure.
Relationship between the Tools and Managers’ Tasks
Managers perform crucial roles in organizational decision-making. The section highlights the relationship of the managers’ tasks in relation to the application of decision-making tools.
Task managers facilitate the process of data integration for effective decision-making. Usually, executives’ selection requires information from several different sectors and computer systems. Thus, project managers invest in strategies, which ensure efficient data integration on daily events.
Duty managers perform benchmarking on other agencies approaches and external data (Plunkett, Allen and Attner 45). The tactic counterchecks organizational competency versus the activities of other competitors.
The manager’s role in decision-making entails improving governance, compliance, and risk taking (Freeman 34). The officers fully understand that decision-making involves risk taking and require compliance to regulatory environments. Hence, managers guide organizations adopt systems that integrate with their financial applications.
Significance of the Relationship
Effective institutional decision-making requires harmony with the existing structure and management levels. Therefore, excellent task manager and decision-making system help to maintain business efficiency.
Works Cited
Freeman, Edward. Strategic Management: A Stakeholder Approach. Cambridge: Cambridge University Press, 2010. Print.
Leidner, Dorothy and Elam, Joyce. "Executive Information Systems: Their Impact on Executive Decision Making." Journal of Management Information Systems 10.3 (1993): 139-135.
Plunkett, Warren., ‎Attner, Raymond and ‎Allen, Gemmy. Management: Meeting and Exceeding Customer Expectations. Mason, OH: Southwestern Cengage Learning, 2007. Print. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MGT 601: WEEK 2 DQ 1 Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
MGT 601: WEEK 2 DQ 1 Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1661674-mgt-601-week-2-dq-1
(MGT 601: WEEK 2 DQ 1 Assignment Example | Topics and Well Written Essays - 250 Words)
MGT 601: WEEK 2 DQ 1 Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1661674-mgt-601-week-2-dq-1.
“MGT 601: WEEK 2 DQ 1 Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1661674-mgt-601-week-2-dq-1.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF MGT 601: WEEK 2 DQ 1

Geology Week 2 DQ 1

...Geology Affiliation: What are the three types of plate boundaries? How do they form? Convergent plate boundary – This boundary is formed as a result of the movement of two tectonic plates towards each other. The plates may be of similar or different densities. Tectonic plates of equal densities converge, resulting in uplifts and events that form mountains. On the other hand, in tectonic plates of unequal density, the denser plate sinks under the lighter one and settles at the mantle (Rhodes & Perlman, 2001). Divergent plate boundary – This boundary is formed by two tectonic plates that move away from each other. In other words, they move in relatively opposite directions (Rhodes & Perlman, 2001). This process enables creation... Affiliation: ...
1 Pages(250 words)Essay

Mgt dq 2 wk2

...& Helfat, 2010). The type of businesses that would benefit the most from strategic management are those which are relatively stable over long periods of time. The method produces strategies that are meant to be long-term in scope, but rapidly changing markets and/or operation restrictions could make this goal virtually impossible (Wall, 2010) using traditional strategic management methods alone. However, strategic management is highly valuable where chaos is less of a concern, as it may be the best option to optimize the use of available resources. Reference Allison, M., & Kaye, J. (2011). Strategic planning for nonprofit organizations: A practical guide and workbook. Wiley. Leiponen, A., & Helfat, C. E. (2010). Innovation...
1 Pages(250 words)Essay

MGT WK3 DQ 1

... Task Delegation Delegation is important in any organization as it allows managers to give employees a chance to develop their skills and this helps in attaining their full value when given responsibilities (Warner 3). However, managers have difficulty in delegating as they fear being failed by those they delegate to or fear that the job will not be done up to the expected standards. To overcome the difficulties in delegating and achieve efficiency, one has to consider various factors so as to ascertain success. The manager needs to clearly state the desired outcome, constraints and boundaries and this lays down the authority and responsibility assigned to the staff given tasks. The manager should also ensure that he or she... Task Delegation ...
1 Pages(250 words)Essay

MGT 460: Week 5 DQ 1

... of internet in accessing journals and online copy of newspapers. This has forced the organization to adopt modern practices such as use online broadcast to remain competitive (Kotter and Cohen 2). Based on the Kotter’s eight steps toward leading change within that organization, the management of New York Times should first introduce the sense of urgency by sensitizing the stakeholders about the effects brought by technological transformation. Sense of synergy should be created by setting up an information technology department responsible for the transformation process of printed copies to electronic copies. Besides, a change vision must be developed since this would act as a guideline to ensure that the project only concentrates... on what...
1 Pages(250 words)Assignment

MGT 601: WEEK 2 DQ 2

... Module Types of Plans Plans are capable of committing departments, individuals, resources and an organization towards specific actions aimed for the future. Managers are, therefore, capable of achieving their set organizational goals through three major plans namely Tactical Plans, Strategic Plans and Operational Plans. In addition, Managers should also come up with contingency plans just in case failure occurs in their original plans (Plunkett, et al, 2013). How the Plans are distinguished from one another It is prudent to note that operational plans result in the achievement or attainment of the tactical plans which, in turn, result in the achievement of the strategic plans. An operational plan refers to one which is used... Module Types ...
1 Pages(250 words)Assignment

MGT 601: WEEK 2 ASSIGNMENT

... Module The Strategic Planning Process INTRODUCTION To a business entity, strategic planning is a tool or map which defines theroutes, that when adopted by a business entity will result to a higher probability of getting from where it is to where its stakeholders or owners want it to go. Just like in a road rally, the strategic plans also encounter numerous obstacles and tours which call for adjustments and adaptation as the plan becomes implemented. In essence, strategic plan is actually a process that is known to bring to life an enterprise’s vision and mission. A good strategic plan that is of value and which is well crafted is normally driven or implemented from the top down in the organization and it gives consideration... Module The...
4 Pages(1000 words)Assignment

MGT 601: WEEK 3 DQ 1

...Management 27/10/14 Organization are formed to achieve a predetermined target (Plunkett, Allen and Attner). Therefore, organization recruit expert who are knowledgeable in specific areas that address issues at stake. Moreover, a successful organization comprises of the right personnel for specific tasks. Furthermore, organization require division of labour to enable the employee achieve the highest desirable services with ease and at minimal period. It is for this reason that organizations established department that also are subdivided into smaller group tasked with specific duties. The division of labour and specialization in the workplace has ignited changes in the reorganization of organizations around the world. Moreover... 27/10/14...
1 Pages(250 words)Assignment

WEEK 2 DQ 1

...such concerns as whether an individual can get along well with others, possesses good relationships in a group setting and finally has excellent and interpersonal skills. In addition, cognitive intelligence is basically on the basis of Intelligent Quotient (IQ). Normally, EI combines both the cognitive and non-cognitive skills; maintaining the fact that these 2 factors portray an individual’s potential to be effective. Nevertheless, some other studies have shown that EI alone cannot be a perfect predictor of effectiveness of a person within the work environment (Baack,...
1 Pages(250 words)Assignment

WEEK 2 DQ 2

...of the needs in the hierarchy, whereas Maslow’s theory considers a systematic satisfaction of the needs starting from the bottom to the top. The third difference also relates to the movement within the hierarchy (Loh, Dawn, & Schapper, p. 14). The ERG theory states that a person can move backwards in the satisfaction of their needs, while Maslow’s theory states that once a need is satisfied the situation becomes permanent. I have applied the ERG theory in various ways. For instance, there was a time when I became sick and had an admission at the hospital. The treatment took a whole week and I could not manage to pay the bill because the money I had was meant for the college semester that followed. However, I had to...
1 Pages(250 words)Assignment

Week 4 DQ 1

...Style of Leadership Style of Leadership Participative leadership style is the most effective to run an organization because the leader involves the entire team when there is a need for input, ideas and observations (Baack, 2012). Though the final decisions rest entirely on the participative leader, there is a high probability of the leader making the right decision. This is as a result of the involvement of the entire team who give not only a variety of new ideas, but also provide different methods of solving problems (Baack, 2012). Additionally, it is because all the team members approach the problem in unique ways due to the skills they possess. Thus, this gives more than one solution to a problem which can help solve a problem... of...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic MGT 601: WEEK 2 DQ 1 for FREE!

Contact Us