Scientific Tools
PRACTICE OF MANAGEMENT ASSIGNMENT
Required to identify any 10 scientific tools and explain how five (5) benefits of each tool would enable a manager to achieve effectiveness and efficiency.
1. Computer Computers play a vital role in meeting the challenges of global competitiveness, where businesses must be efficient and responsive, and must produce high quality goods and services at an even lower cost. Without computers, to provide the accurate, precise information needed to make strategic decisions and to manage production processes, many companies would find it impossible to survive.
1.1 Used to collect and store data
Computers are widely used primarily to collect, manage and reproduce a wide variety of business data. That can mean everything from medical and financial records to a list of parts to make a thing. It can include the plans and designs for a new product.
Payroll accounting was the first commercial area to become widely computerized. The information of wages and salaries involves a number of variables but common factors which relate to the personal details of each employee, such as gross pay, tax code, insurance premium, other perks and many others , are handled and stored by the computer.
1.2 Help in making better Decisions
But computers do far more than just keep track of things; they help people to make better decisions. Computers use stored information to construct simulations ranging from simple analyses to realistic depictions and animations of new products. Accountants and book keepers can substitute new retail prices for the products, and immediately see the effect on the firm’s profits. Marketing people can use presentation software to test advertising slogans on small groups of potential customers before carrying out the major campaign.
1.3 Help in communication both directly and indirectly.
Computers also help managers to communicate both directly and indirectly. Publishing software brings
Required to identify any 10 scientific tools and explain how five (5) benefits of each tool would enable a manager to achieve effectiveness and efficiency.
1. Computer Computers play a vital role in meeting the challenges of global competitiveness, where businesses must be efficient and responsive, and must produce high quality goods and services at an even lower cost. Without computers, to provide the accurate, precise information needed to make strategic decisions and to manage production processes, many companies would find it impossible to survive.
1.1 Used to collect and store data
Computers are widely used primarily to collect, manage and reproduce a wide variety of business data. That can mean everything from medical and financial records to a list of parts to make a thing. It can include the plans and designs for a new product.
Payroll accounting was the first commercial area to become widely computerized. The information of wages and salaries involves a number of variables but common factors which relate to the personal details of each employee, such as gross pay, tax code, insurance premium, other perks and many others , are handled and stored by the computer.
1.2 Help in making better Decisions
But computers do far more than just keep track of things; they help people to make better decisions. Computers use stored information to construct simulations ranging from simple analyses to realistic depictions and animations of new products. Accountants and book keepers can substitute new retail prices for the products, and immediately see the effect on the firm’s profits. Marketing people can use presentation software to test advertising slogans on small groups of potential customers before carrying out the major campaign.
1.3 Help in communication both directly and indirectly.
Computers also help managers to communicate both directly and indirectly. Publishing software brings