Introduction Case

technology and management functions paper tec 401 available to everyone in the organization in intranet. Employees' education needs were addressed by offering various technical and managerial education opportunities over internet. All theses technological initiatives helped the organization to balance the act of directing and coaching people to be successful. IV. Controlling Controlling extends into establishing performance standards based on the organization's objectives, measuring and reporting actual performance, comparing objectives, and taking corrective or preventive action as necessary. Our organization has automated various functions using new technology including procurement, payment, billing, order book, shipping, implementation tracking and customer relationship management. This has given the managers and senior management access to real time data on our organization's capitals, returns, cash flow and various other financial and business performance pointers. Conclusion In conclusion, technology plays a vital role in management functions in the new economy. It has set a revolution transforming the way we live, work, and play. Technology factors as a major component in economic growth and productivity of organizations and personal lives. However, caution should be exercised in adopting the right technology as implementation of technology alone will not produce the expected business outcome. It has to be associated with the right management function and process in order to transform personal lives and organization's to produce desirable results. Reference Burk, E., & Mueller, D. (Compilers). (2001 ). Readings in human factors in technology. [Customized for the University of Phoenix]. New York: Primis Custom Publishing. Jonassen, D.H., Peck, K. L, & Wilson, B.G. (2001). Human factors in technology. [Customized for the University of Phoenix]. Boston: Pearson Custom Publishing. Dessler, G. (2001), Management: Leading people and organizations in the 21 st century. New Jersey: Prentice Hall.