Describe the difference between data and knowledge in terms of the executive information system (EIS).

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Describe the difference between data and knowledge in terms of the executive information system (EIS).

MGT 601 The Functions of Modern Management

Bierman, L., Ferrell, O. C., & Ferrell, L. (2016). Management: Principles and applications, custom edition [Electronic version]. Solon, OH: Academic Media Solutions

From the Professor

This week students will:

1. Describe the difference between data and knowledge in terms of the executive information system (EIS).

2. Analyze the four steps in the control process as it relates to the six elements of input.

3. Develop an organizational plan.

Introduction

For Week Six, the focus will be the six elements of organizational input (mission statement, strategic plans, tactical plans, past experience, feedback from external environment, and control system design), and how each of these elements influences the four steps of the organizational control process. This week’s content will also explore the difference between data and knowledge in terms of the executive information system (EIS) and how the executive manager can use the EIS to make effective decisions and develop organizational strategy.

Professor Guidance

A Complete Paradigm Shift (Leadership and Power)

I peruse YouTube frequently and look for business related topics and discussions. I happened to come across this particular video a while back and really thought it should be the focal point of my last guidance for our class.

I believe that in today’s business environment, corporations and leaders need to rethink their business approaches, models, theories and strategies. Leaders are currently operating under a paradigm of what is in it for me syndrome and focused on short term profits and returns for stakeholders. This business model is leader driven and places no real true value on employees outside of being used and abused to accomplish business objectives.

Fortunately we are now starting to see a major shift from operating under this type of business strategy and leadership perspective into a new paradigm now focused on a mission driven and value based philosophy. This new concept is focused on what is best for the world rather than the organization at that moment in time. Also, the traditional leader-follower business model is being torn down and reestablished.

ASSIGNMENT

Develop an operational plan for an organization of your choice.

Read the article, Operational Plan, for an overview of the required elements in this type of plan.

Create a fictional organization that includes the name, type of business, size of organization, and the product or service that the organization offers.

The paper must be between 8-10 pages in length and include five scholarly sources, in addition to the text.

Your paper must:

Develop an organizational chart for the proposed organization.
Include the title of positions and a brief description of the positions’ duties and responsibilities.
Chapter 8: 8.4-8.7 will provide you with the examples of how different organizations are structured.
Define the organization’s vision, mission, and values
Outline the basic planning process for the organization, and describes how the three levels of management influence this process.
Explain why the quality, productivity, and profitability are important elements in the planning process
Evaluate the relationship between the human resource planning activities and the overall organizational strategy
Discuss the philosophy of management that will be applied to the management of the organization and how the structure of the organization will foster a positive work environment where employees will be motivated and productive.
Compose the steps of control and types of controls included in the control process for the organization.

The Operational Plan

Must be 8 to 10 double-spaced pages in length (excluding the title and reference pages), and formatted according to APA style as outlined in the Ashford Writing Center.
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Must begin with an introductory paragraph that has a succinct thesis statement.
Must address the topic of the paper with critical thought.
Must end with a conclusion that reaffirms your thesis.
Must use five scholarly sources from the Ashford University Library in addition to the course text.
The Scholarly, Peer Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document all sources in APA style as outlined in the Ashford Writing Center.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.

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