Trying to update software on my imac but saying i do not have appropriate privileges

I am trying to update my software on my mac and it is saying that I am unable to do so because I do not have the appropriate privileges. 

So we know more about it...
At the Apple Icon at top left>About this Mac, then click on More Info, then click on Hardware> and report this upto but not including the Serial#...
Hardware Overview:
Model Name: iMac
Model Identifier: iMac7,1
Processor Name: Intel Core 2 Duo
Processor Speed: 2.4 GHz
Number Of Processors: 1
Total Number Of Cores: 2
L2 Cache: 4 MB
Memory: 6 GB
Bus Speed: 800 MHz
Boot ROM Version: IM71.007A.B03
SMC Version (system): 1.21f4
Office for Mac 2011 system requirements
Show All
The following table lists the minimum hardware and software requirements for installing Microsoft Office for Mac 2011.
Component
Minimum requirement
Processor
Intel only
Operating system
Mac OS X v10.5.8 or later
Memory
1 GB of RAM or more
Hard disk
2.5 GB of available hard disk space
Have you tried applying the big 1058 combo?
Repair Permissions afterwords, reboot.
1058 Combo Update, 10.5.8...
http://support.apple.com/downloads/Mac_OS_X_10_5_8_Combo_Update

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