FINAL EXAM (M1S1) PART 3 Flashcards
two dimensional chart depicting system element and their linkages.
Schematic Models
Different arrows are used to depict information flow, Material Flow and information feedback
Schematic Model
shows the flow of materials, energy and information that hold the system together.
Flow system model
there is a orderly flow of logic in such models.
Flow system model
Widely Known Example is PERT (Program Evaluation and Review Technique)
Flow System Model
it is used to abstract a real-world system in model form, manipulate specific values to determine the critical path, interpret the relationship, and relay them back as a control.
PERT
this type of model exhibits one pair of relationship such as activity - time or cost - quantity.
Static system model
example of this model is the GANTT CHART
Static System model
Three Levels of Management
- Top Level Management
- Middle Level Management
- Lower Level Management
Categories of Information
- Strategic information
- Tactical or Managerial Information
- Operational Information
they make decision affecting the entire firm.
Top-Level Management
they are responsible for carrying out the goals set by top management.
Middle-Level Management
they are responsible for daily management of line workers the employees who produce the product or offer the service.
Lower-Level Management
-Big Picture and long term focused (2 to 5+ years)
-Vision, Mission, why, policies and direction
-Executive-Management
-What is the right direction for the company
Strategic
-Short Term focused (3 months to 2 years)
-Focused on specific business department
- Middle-Management
-what activities to be planned in strategic alignment
Tactical or Managerial
