29 Questions
What is one of the three important trends in management mentioned in the text?
Crisis management
How should managers deal with crises according to the text?
Develop contingency plans, face the problem, tell the truth, ask for help when needed, and learn from past experiences
What impact is the proliferation of data and analytics in information technology having on managers?
Increasing number of organizations are looking for cutting-edge technology in product and service development
Which technology is highlighted in the text as particularly useful for managers?
Dashboard software
What is a drawback mentioned in the text regarding dashboard technology?
Short-term results are emphasized more
What is one of the challenges that managers face in a global market?
Directing employee behavior across different cultures
What skill is essential for managers operating in diverse cultural environments?
Global management skills
What are three important trends in management today mentioned in the text?
Preparing for crises management, increasing use of information technology, and managing multinational cultures
What is a requirement for employees in companies doing business globally according to the text?
Learning the language of other cultures and social customs
What is a key aspect of crisis management mentioned in the text?
Using the best resources to correct the situation
How can managers make quicker decisions according to the text?
By utilizing dashboard software and information technology
What skill is highlighted as growing in importance as more companies expand globally?
"Global management skills"
What must managers do to develop a culture of trust?
"Set a good example", "create personal involvement for all employees", and "develop a culture of trust"
What is the recommended approach for managers to deal with crises according to the text?
Face the problem directly, tell the truth, ask for help, and learn from past experiences
What is one of the drawbacks associated with dashboard software mentioned in the text?
It focuses too much on short-term results and neglects long-term goals
What is a key aspect of crisis management highlighted in the text?
Developing contingency plans
How can managers contribute to building a culture of trust in organizations according to the text?
By telling the truth and acting with integrity
In what way does the proliferation of data and analytics impact managers, as discussed in the text?
It enables organizations to make informed decisions based on data
What should managers do in global markets to address challenges effectively?
Develop global management skills and adapt to diverse cultures
Which technology tool is particularly useful for providing up-to-the-minute information to employees?
Dashboard software
What is a key aspect of crisis management highlighted in the text?
Being truthful about the situation
In which areas must employees working in multiple locations around the world often be knowledgeable about according to the text?
Geography, language, and social customs
What is a crucial skill needed by managers in today's globalized world?
Ability to operate in diverse cultural environments
What is one of the requirements for managing multinational cultures mentioned in the text?
Developing a culture of trust
Which trend in management emphasizes learning from crises to prevent them in the future?
Preparing for crises management
What is the role of managers in fostering a culture of trust according to the text?
Setting a good example and creating personal involvement for all employees
How can managers make quicker, better-informed decisions according to the text?
By using dashboard software and latest information technology tools
Why do managers need global management skills according to the text?
To effectively operate in diverse cultural environments due to global market globalization
What is an important aspect of information technology mentioned in the text?
Embrace data analytics and dashboard software
Explore the three important trends in management today: crisis management, the use of outside directors for management control, and the growing use of information technology. Learn about the need for managers with global management skills and how organizations can anticipate and manage crises effectively.
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