Corporate Problem Solving Essay Example | Topics and Well Written Essays - 1250 words

Corporate puzzle Solving - Essay ExampleCan anything be done about the wide variety and pear-shaped amount of data that comes to many corporate planners on a daily basis Most corporate planners secure so much information that they gage hardly manage their workloads. Yet, to make the line of avocation a success, they moldiness make effective and throughough decisions, using up-to-date information (Hansen, 1995). As John Naisbitt pointed out on the for the first time page of his best-seller Megatrends, Although we continue to think we live in an industrial society, we have in fact changed to an parsimoniousness based on the creation and distribution of information. (Thierauf, 1987). This megashift as defined by Naisbitt is an explosive transformation from an industrial to an information society. (Thierauf, 1987).This shift is poignant all companies around the world, and especially in the United States. Therefore, to help problem-solving issues in business, the corporate prepa ration should actually be focusing on problem finding future information in the form of problems and related opportunities should be evaluated and re bring ind in the present as it affects the business governing tomorrow. (Thierauf, 1987).What are some things that the business can do to help make this change and thus solve this problem Two items need to taken into consideration when analyzing this issue and solving the information overload problem affecting many businesses. First, a change in surroundal factors would help establish to the defeat of the problem(Mitchell, 1954). Corporate planning is at the center of a business organizations decision making process and therefore the corporate planners contribute to the business future on an almost daily basis(Hansen, 1995). Therefore, the organization needs to coordinate its notion with the outside business world. This means that the business needs to take a close sense of smell at the markets and always save up the information ab out the markets in mind when making decisions. This means taking a close look at how the organization operates, current knowl bounds of its customers and competitors, availability of capital, capabilities of available personnel, and sources of supply. Increasing prices of purchased materials, rising labor costs, and hostile competition signal the need for some type of management information system (MIS) that describes the organizations economic environment and coordinates the external environment with the internal factors to provide corporate planning information. (Thierauf, 1987). The next important item that can assist the business with this problem solving issue is to change internal environmental factors as well. The business needs to address changes that are happening and will happen in the future, and that are affecting the complete business world. Today, this revolves increasingly around technology, as businesses are expected to stay on the cutting edge of technology and te chnological trends. For most organizations, the hope of making an initial investment in technology creates the promising end result of saving money. In the business world, the old slogan is still the rule cartridge holder is money. Therefore, if the initial problem is time, as stated before, then the business could use certain types of technologies to help nonionic and cut back on the workload. While this would require an initial investment on the part of the company, it would to a fault provide a