. Exercise Instructions
Objective:
This assignment aims to explore the transformative role of information technology in business management and how AI tools are being utilized to streamline business processes and improve decision-making.
Instructions:
Write a minimum 2-page analysis discussing the following points:
- The Impact of Information Technology on Managers’ Jobs
- Explain how advancements in information technology have reshaped the roles and responsibilities of managers.
- Discuss how IT tools have changed the way managers communicate, track performance, and make decisions.
- Provide examples of specific IT tools that managers use in their day-to-day operations (e.g., project management software, communication platforms, data analytics tools).
- Analyze the pros and cons of relying on technology for decision-making and management tasks.
- Using AI Tools for Business Processes and Decision-Making
- Introduce the concept of AI tools in business management, providing examples of AI applications (e.g., AI-driven analytics, automated customer service, predictive analytics, decision support systems).
- Explain how AI tools can enhance business processes such as forecasting, inventory management, customer segmentation, and performance monitoring.
- Discuss how managers can implement AI tools in current organizations to improve efficiency, reduce errors, and support data-driven decisions.
- Reflect on the potential challenges and ethical considerations in using AI in business management (e.g., job displacement, data privacy concerns).
Format:
- 12-point Times New Roman font
- 1-inch margins
- Double-spaced
- Use APA 7 Format and list all your references.