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How Technology Impacts the Four Basic Functions of Management

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Ford Motor Company:

Identify areas in which technology impacts the four basic functions of management and where new technology might be extending or introducing new functions for management.

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The solution discusses how technology impacts the four basic functions of management.

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Planning - In the planning, most of the technology is used to verify, diagnose, and improve internal functions. Finance and processes would be most involved in the use of technology, and with Ford, this is key to their mitigating financial loss. With the use of technology, Ford was able to analyze and reinvent they way the approach business and they did not have to participate in the bailouts of the last few years. They also use technology to make a difference in their vehicles and the features of those vehicles. The use of technology in engineering and research and development has led to the creation of many innovative ideas including the inflatable seat belts that recently won an innovation award from Popular ...

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