Explain the Significance of Information Technology with Regards to Empowering

question 88

Essay

Explain the significance of information technology with regards to empowering employees and facilitating self-managed teams.

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Definitions:

Escalation of Commitment

The phenomenon where people continue to invest time, money, or effort into a failing project or decision, often due to emotional attachment or the desire to avoid admitting failure.

Reality Checks

Moments or actions taken to ensure that one's understanding or perception of a situation is accurate, often involving a comparison to objective evidence or facts.

Situational Analysis

The process of evaluating an organization's current situation or environment to identify strengths, weaknesses, opportunities, and threats.

Forecasting

The process of making predictions about future events based on analysis of historical and current data.