1. Introduction
The rapid introduction of IT in the business environment has raised the question of its impact on managerial productivity. The understanding of the concept of productivity differs depending on the knowledge domain: it varies from quantitative measures expressed in monetary units aggregated on a national and organizational level ([2], [22] and [5]) to subjective judgments expressed on an individual and group level [33]. We base our analysis on the subjective judgments of managerial productivity since considering productivity only from an investment perspective brings a good understanding of economic trends, but relatively few insights into how IT affects the nature of managerial work.