$9.$ Management Thinking into the Future

Consider how technology and people$-$driven organizations are driving change in today$$s business environment. Then place the letter of each management tool next to the example that describes its use.

Answer

Management Tool

Example Scenario

Big data analytics A$.$ Macy$$s department stores can adjust pricing in near$-$real time for items sold in stores and online based on demand and inventory available.

Radical decentralization B$.$ Illinois Tool Works manufactures everything from nails to welding equipment to plastic six$-$pack rings. Each of their units is run by it$$s own general manager, whose goal is to outperform everyone else in a particular market. These general managers can run their units as if they were their own businesses, as long as they and their teams can meet company goals.