BUAW 2 Flashcards
Functional structure is..
divides the business into its special functions or skills
Divisional Structure is..
Focus on individual project or service or geographical
Matrix is…
Individuals work across teams
Span of control is..
number of individuals responsible for
depending on the size, type of work, location
Tall Structure means
narrow span
many levels
decision making longer- due to greater reporting lines
Flat Structure means
wider span
less levels= quicker decision making = information pass quicker up the chain of command
Governance
a system of framework for managing organisations. identifies decision making, authority, on how should act and perform
as part of governance effectively have to think about the 3 governances.
legal
financial
corporate
Centralised & Decentralised structures
centralised-“top down” decision making rests with higher tiers at head office.
Decentralised- decision making at lower levels
5 functions in business
-marketing and sales
-IT
-Logistics + Distribution
-Production
-HR
Production - role & contribution
activities to produce final product/service #
run efficiently and fair price paid.
will involve agreeing terms and contracts, inventory control
marketing and sales
selling and promoting products and services
attract and spread awareness to customers, generate sales
involve with setting pricing, settling rates, budgeting and performance indicators
Human Resources
training and management of staff
positive environment, trained workforce to meet requirements/upskilling, employment rules and regulations maintained.
involve with recruitment costs, training, pay and benefits
IT
Computer based information systems-website, software, systems.
efficient and working, up to date, help operate with minimal disruption
involve with investments to IT, data security, performance activities
Logistics
activities of product/service to consumer - storing, receiving, delivering
ensure it is efficient and effective, safely
involve with importing and exporting, inventory management and performance indicators
Risk is defined as
“possibility of something bad happening, not been planned”
Risk vs Uncertainty
decision making is not known o potential outcomes or probability it will occur,
Business Risk
“vulnerability to factors to decrease profits or business to fail”
Types of Risk (5)
1.Cyber risk
2.Financial Risk
3.Operational Risk
4.Strategic Risk
5.Reputational risk
Phishing is
Attacker sending a message in attempt to trick them into opening emails
Malware is
Malicious software inserted as a result of Phishing. Finding weaknesses in business’s network
Ransomware is
Form of Malware that locks users and asks for payment in response.
Distributed denial of service attack (DDoS) is
Bombard a network with huge number of data requests= freeze and systems hostage
Spyware is
Allows attacker to spy on its operations and gather information without being seen
Key logging is
records every keystroke made by the users of the system- to identify passwords and other information
Password Attack is
hacker steals passwords
Browser Hijacking is
Attacker will change the default homepage etc, allowing them to feed unwanted feed to steal information via Malware.
What do we use to evaluate the risk
Risk Matrix
What do we use to manage risk
TARA
T- Transfer
A-Accept
R-Reduce
A-Avoid
