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Sources: Internal and external, primary and 7, secondary, formal and informal, team Page- 231 workers, customers and other stakeholders Types: Qualitative and Quantitative, tacit and explicit, Official and Unofficial, Policy and Opinion
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Introduction
Increase personal networking
Decision-making
Data
Knowledge
Range of Purposes
Planning
Recording Transactions
Performance Measurement
Decision Making
Organizational
Personal
Basic
Routine
Structured
Unstructured
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HR Payroll System
http://www.youtube.com/watch?v=n_xAH05j7Hw
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Continued
Secondary data: Is data that is taken from some other sources is called as secondary data. External sources of Secondary information include: Books Journals and articles Internet Government websites for statistical information Regulatory bodies and Industry association
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2.0: The Types of Information and Knowledge Qualitative and Quantitative Tacit and explicit Official and Unofficial Policy and Opinion
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2.0: The Types of Information and Knowledge 2.1 Quantitative and Qualitative Information:
Quantitative information consist of measurable information- hard facts, numbers, weights and measures, percentages, statistics, estimates and specifications Examples of quantitative methods of gathering information include surveys, laboratory experiments, questionnaires, psychometric test and consulting and analyzing records
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Qualitative information is difficult (or even impossible) to measure in quantitative terms. It consists of facts about opinions, preferences and perceptions. Examples of qualitative information may be employee moral, motivation, customer loyalty, good will and attributes of the general public. Examples of qualitative methods are: case study research, participant observation, interviews and questionnaires, analyzing documents and texts produce by others, and the information gatherer's own impressions and reactions
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Tacit: Is personal and rooted in a specific context. Once you learn how to drive a car and have been doing it for some time, you develop certain techniques and driving becomes second nature. However this phase is more difficult to articulate. Tacit knowledge: is subconsciously understood and applied, developed from direct experience and action, and usually shared through highly interactive conversion, story telling and shared experience.
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Levels of Information
Strategic Information- Future demand estimates, new product development plans and competitor analysis Tactical Information- Information on variance and stock turnover Operational Information- materials and labour used and stock levels Discussion- Give the examples in Service sector of the above three levels of Information to the Vietnam Industry context.
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Chapter Round up
What are the two types of knowledge and explain? What is MIS system? What are the sources of Information? Explain. What are the types of Information? Explain. What are the level of Information? Explain. Give examples of 3 analytics/BI tools? Who can explain the whole topic, what we discussed in last several classes?
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Networking Tools
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Stakeholders
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1. An Input phase- Problem is perceived and an attempt is made to understand the problem 2. A processing phase- Alternatives are generated and evaluated and a solution is selected 3. An output phase- Planning for Implementing the solution 4. A review phase- Solution is evaluated and modification are made, if necessary
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MIS Video
http://www.youtube.com/watch?v=WEFYBARVCXA
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Some points to note when identifying interacting and relating skills: Job-holders may need to carefully maintain boundaries using skills of negotiation and persuasion. This will have to be done ethically. Effective interacting and relating may need to be done not only with people who may have communication difficulties or impairments, but also with successful senior people. Adaptability is an important part of effective interacting and relating.
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Current Developments
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3.3) Project Meetings a. Project status meetings b. Project problem solving meetings c. Project Evaluation meetings 3.4) Conference- a coordinated approach a. Public Conferences- Must to inform approach b. In-house Conferences- Horizontal and Vertical c. Sales Conferences 3.5) Teleconferencing- Skype, Speaker phones 3.6) Videoconferencing- Single party & Multi Party
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Video Conferencing
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5.2 The Internet as a promotional communication: Advertising- Dedicated corporate sites, Web banners/button, Internet search engine Direct Marketing- E-mail, Permission Marketing Direct Response Advertising- Immediate Contact (Information/transaction facility) to follow up Sales Promotion- Online prize draws, Online discounts, e-mail discounted vouchers
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Customer Loyalty Programs- Value added benefits, User home page customization, Virtual communication, Free e cars/SMS messages Media/Press relations- About us & Contact pages, Technical benefits and on key issues Public Relations- FAQ, About Us, News bulletins, Publicity, Exhibitions, Events Relationship Marketing- Customization of Web Pages, Email Follow up, Contacts, E-Zines (Special interest news letters published in the web)
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Grass root Marketing- Ground up marketing. Online charts. Generating word of mouth promotions Direct Distribution- Through Online shopping, Ordered via net, Partnership Development- Promotional collaboration with search engines Customer Service and Technical Support- E-mail contact, FAQs, Access to Information, Online messaging Market/Customer Research- Gathering Information on customers, site monitoring, Online and e-mail feedback Corporate Identity- Intent to create marketing message
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5.3 Online Shopping E- Commerce is an abbreviation of Electronic Commerce. It means business transaction carried out online via the internet. A transaction bases web site (Virtual Warehouse) Supermarket, book store etc
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5.5 Internet v/s Intranet v/s ExtranetTypical Intranet Content: Performance data, Employment Information, Employee support, Bulletins and news letters, Upward communications
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5.7 EDI (Electronic Data Interchange)EDI is predominantly used between large business customers and their suppliers Part of JIT EDI & EPOS- TESCO deal with more than 1000 suppliers across computer networks so that stock can be replenished exactly when needed.
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WRITTEN COMMUNICATION
MEMOS REPORTS BULLETINS LETTERS NEWSLETTERS HANDWRITTEN NOTES
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cont...
DO -- outline key points before producing a draft DO -- always draft a written piece and then reduce all unnecessary language -- be brief DO -- proof-read very carefully before any document is distributed
cont...
DONT -- use this form of communication if writing is full of errors -- this reflects poorly on the writer DONT -- use if communication is time sensitive. If immediate feedback is necessary -- use email
Benefits (telephone/voicemail)
Immediate access to audience Communication is direct and timely Takes advantage of tone of voice and language Allows for immediate response to questions, feedback, etc.
Challenges (telephone/voicemail)
Too spontaneous, might not be ready to have a conversation Not prepared when a call is received but take it anyway Cant reach party in time to relay information Not everyone has voicemail
1.
1.
Messaging:
2. 3.
2. Call Management
1. 2. 3. 1. 2.
3. Corporate Services
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Exercise
Activity 1- Page 271 Activity 2- Page 271 Activity 3- Page 274 Activity 4- Page 276 Activity 5- Page 294
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Interpersonal Skill
Interpersonal skill involves inspiring, motivation, leading and controlling people to achieve goals that are often poorly defines Interpersonal skills are the skills used in interactions and relationships between two or more people.
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Process of Communication
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Communication Skill
Sending message includes: Selecting and organizing your material Judging the effect of your message Choosing language and media Adopting your communication style accordingly Using non verbal signals to reinforce Seeking and interpreting feedback
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A good Negotiator
Avoid criticising Ask many more questions Summarize and test understanding Keep the emotional temperature down
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Effective consultation
Consultation is the process where, on a regular basis, management genuinely seeks the views, ideas and feelings of employees before a decision is taken.
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SWOT Analysis
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Emotional Intelligence
Quick stress relief Emotional awareness Playful communication Conflict resolution
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Changing Communication
Higher Speed Wider access to information 24-7 global communication Interactivity & Multimedia Personalization
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6. Databases
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Objectives
Report on existing approaches to the collection, formatting, storage and disseminating of information and knowledge Carry out appropriate changes to the collection, formatting, storage and dissemination of information and knowledge Implement a strategy to improve access to systems of information and knowledge
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Collecting data in the first place Converting the data into information Updating the files to incorporate the processed data The dissemination of information to users
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1. Information in the organization 1. Source of action within the organization-??? 2. Type of level of decision each manager has to take
What information is required How should it be collected and by whom When and from where should it be collected
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Members of Organization
Public
Stoke holders
Dissemination Interpretation Output Data Collection Processing Competitors Action External data on economy, markets etc
Customers
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Internal Operations
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2. Developing Systems- Hard & Soft Properties 2.1 A hard approach is suitable in circumstances when:
Problems can be clearly defined Objectives are clear The problem is self contained Information needs are known A solution can be recognized Standard solution techniques are applicable
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2.4 Soft System approach Some examples of soft properties should be considered during system development and implementation are: Job security and status Career prospects Social Change Fear of depersonalization
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6.0 Databases
6. 1 Database: A database is a collection of data organized to service many applications. The database provides convenient access to data for a wide variety of user and user needs. Database Management System: DBMS is the software that centralizes data and manages access to the database. It is the system that allows numerous applications to extract the data they need without the need for separate files.
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6.2 Consistency and Reliability A database must be integrity- consistent, accurate , reliable Data Integration Data Independency 6.3 Characteristics of DBMS Shared, Controls, Flexibility Advantages: No duplication, Consistency, New uses for data, Flexibility etc 6.4 Disadvantages: Security, Corrupted database, development cost is high
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Data Warehou se
Information Directory
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Stickiness
Credibility
Transaction efficiency
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8.3 Mailing According to Allen et al there are more people in the world with access to email than with access to the World Wide Web. E-mail marketing can grab attention and interest without requiring users to even start their web browsers Advantages: Cost-effectiveness Speed of delivery/response Targeting Acceptability
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