Chapter 2 Part 5 Flashcards Preview

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Flashcards in Chapter 2 Part 5 Deck (8)
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1

Paper and the printing press revolutionized the business use of information
Typewriters and personal computers enabled easier and faster production of business correspondence
Telegraph, telephone, and the Internet increased access to timely information

Information Management

2

Set of interrelated elements or parts that function as a whole

System

3

Smaller systems that operate within the context of a larger system

Subsystems

4

Help managers create ________.

Synergy

5

Sustain themselves without interacting with their environments

Closed systems

6

Sustain themselves only by interacting with their environments

Open systems

7

Holds that there are no universal management theories

Practical implications:
Management cannot quickly solve a company's problems by taking a few steps
Managers must pay attention to key contingencies that differentiate situations and problems

Contingency Management

8

Effectiveness of a ___________ depends on the kinds of issues managers are facing at a particular time and place

Management Theory