E1 Flashcards
What is a stakeholder?
Someone with an interest in organisation
What is corporate governance?
Sets out processes and policies for company
What are the 4 f’s in info to impact?
Information, insight, influence, impact
What are the 5 A’s in info to impact?
Assemble, analyse, advice, apply, acumen
What is a centralised structure?
Upper levels of org retain authority
What is a decentralised structure?
Authority passed down to lower levels
What is cloud computing?
On demand computing resources
What is big data?
Data so large and varied beyond capability of traditional data processing
4V volume, velocity, variety, veracity
What is structured data?
Deliberately produced for purpose
What is Data analytics?
Collecting, organising and analysing big data
What is AI?
Machines that work like humans
What is Data visualisation?
Large volumes of data to be visually appealing
What is blockchain?
Digital ledger used to record transactions
What are digital assets?
Assets held in digital form
What are the 3 stages in transferring data?
Extraction, transformation, loading
What is porters value chain?
Considers activities that add value and drive costs
What is MRP?
Material resource planning, computerised system
What is ERP?
Enterprise resource planning, integrating info from operations with other functions
What us TQM?
Total quality management, continuous improvement in quality and productivity
What is Kaizen?
Small steps to improve performance
What is six sigma?
Reduction in faults
What is lean thinking?
Eliminate waster by eliminating non value adding activities
What is reverse logistics?
Return of unwanted or surplus goods
What is an enterprise data warehouse?
Single source to assemble clean data and reports into dashboard
What is a macro and micro environment?
Macro - outside factors that influences org
Micro - factors org has opportunity to influence
What is cost plus pricing?
Cost plus a % profit
What is skim pricing?
High price set at start
What are the four steps of a product life cycle?
Introduction, growth, maturity, decline
What is infrastructure?
Core network, databases, software and hardware
