How to Build Better Managers for the Networked Information Economy

Question 1

Networked Information Economy

Answer 1

system of production, distribution, and consumption of information goods characterized by decentralized individual action carried out through wildly distributed, nonmarket means that do not depend on market strategies

Question 2

4 principles of management

Answer 2

1. scientific method to find fastest way to complete a task
2. monitor employees to determine performance; give guidance
3. give employees task they can do and like; coaching
4. managers must plan and provide improvement and employees stay on task

Question 3

21st Century Leadership Skills

Answer 3

• Better listeners
• Skilled change agents who can garner followers who support their agenda
• Be a leader and a team player
• Relationship builders
• Create motivating work environment to enhance workers’ productivity
• Be capable of making quick and effective decisions
• Utilize the powers of emerging technologies and social media to effectively and efficiently communicate and coordinate actions
• First effectively manage themselves before they can possibly be expected to manage their co-workers and followers

Question 4

Post COVID-19

Answer 4

being adaptive, inclusive, and empathic ensures effective team performance