Wednesday, September 25, 2019
Management Assignment Example | Topics and Well Written Essays - 1250 words - 1
Management - Assignment Example The success of business in the 21st century depends on the ability of the organization to integrate technology in the business operation. In the advent of information technology, organizations have endeavored to inject business efficiency by using technology to run their data analysis and management and computer systems to enhance business management. The web, internet and computer technology helps the organization to streamline their business functions and to develop strategies for management decision making. Microsoft and Procter & Gamble are among the organizations that have embraced the use of technology within their business operations. A close evaluation of the two companies will help reveal the value of technology within the business environment. Information and its management is an important factor in the business environment. All the management decisions are driven by the data that the management team collects during the previous fiscal years. The managers analyze data and interpret to know their business performance and determine their next course of action. As Wolfgang (3) points out, the efficiency of the management in the data-analysis stage determines the nature of the direction that they opt to follow in their future business. Technology has provided new ways of analyzing information, hence providing the managers with a new approach to business decision making. In Procter and Gamble, the management shifted their focus on data analysis systems to shape their business using effective decision-making tools.