mr b 5.1.2

Question 1

Name the 7 key areas of an organisation

Answer 1

Human resources
Research and development
Logistics
Marketing
Purchasing
Accounting and Finance
Management

Question 2

Human resources digital

Answer 2

digital supports HR because it gives them critical data which they can use for better thinking so they can improve their understanding and evaluate the business impact of people

Question 3

Human resources digital pros and cons

Answer 3

PROS
-Helps HR make surveys online and keep up to date on each employee’s performance

-Use of eLearning to teach employees about new programs and it can monitor how the employee is doing and make sure they are up to date

CONS
-The system can get hacked and risk losing all sensitive data

-May not be good for human interaction because its needed in life

Question 4

Research and Development digital

Answer 4

The use of google and other new technology methods make it easier to research for a gap in the market or potential competitors giving the business a competitive advantage

Question 5

Research and Development digital pros and cons

Answer 5

PROS
-Tax benefits
-Easily find a gap in the market
-Increase profit

CONS
-Can be expensive
-Big risk
-Timing

Question 6

Logistics digital

Answer 6

New technology helps track in real life which can help the business understand and reduce potential delays and disruptions

Question 7

Logistics digital pros and cons

Answer 7

PROS
-Fast and free shipping
-Real life tracking
-Reduces delays

CONS
-At risk of being a victim of phisingand online fraud
-Places with bad internet connection will struggle to use
-Need to hire employees who have a specific skill could be expensive

Question 8

Marketing digital

Answer 8

New technology helps you use free services such as social media to promote a business’s product or services across the world attracting more potential stakeholders(buyers)

Question 9

Marketing digital pros and cons

Answer 9

PROS
-Decreases cost because you need less employees
-Free advertisement on social media where everyone can view
-Easy data collection

CONS
-Although it decreases cost in certain places you have to pay for the new technology which is expensive
-If any of the tools aren’t working your business is shut down because its reliant on technology so it cannot operate

Question 10

Purchasing digital

Answer 10

New technology makes purchasing simpler and more efficientbecause there is less paperwork to do and helps reduce chances of error

Question 11

Purchasing digital pros and cons

Answer 11

PROS
-More easier, quicker and efficient
-Detailed information about purchase helps organization make better informed decisions

CONS
-Complex (may lead to errors and delays)
-Older vendors may stuggle to undertand how to use it

Question 12

Accounting and Finance digital

Answer 12

New technology increases flexibility(employees can work anywhere if they have a digital device so more work gets done), efficiency( it is normally very time consuming, so it saves the business a lot of time and helps them focus on the more important things) and gives better security( they can give a higher security than paper-based systems because they can used advanced encryptions which protect sensitive financial data

Question 13

Accounting and Finance digital pros and cons

Answer 13

PROS
-Helps obtaining loans

-Enables growth by showing the business accurate financial records so they can easily identify areas where they need to cut down money and etc…

-Makes the process quicker

Question 14

Management digital

Answer 14

New technology helps increase brand awareness, gain additional customers and improve reputation online

Question 15

Management digital pros and cons

Answer 15

PROS
-Improve online reputation
-Helps you gain additional customers

CONS
-It can be expensive
-It can be complicated