Section D Simple Flashcards
What does finance have the biggest influence on in to ‘information to impact’ model?
Influence
Impact
Advise
Apply
What does tech and automation has the biggest influence on it the ‘information to impact’ model?
Information
Insight
Assemble
Analyse
What is outsourcing?
Contracting out aspects of work
What is a shared service centre?
Org chooses to consolidate activities at one site
What are transaction costs?
Indirect costs incurred in performing a particular activity. E.g. expenses incurred through outsourcing
What functions does McKinsleys report suggest will be automated by tech?
Data Collection Data Processing Applying Expertise Stakeholder Interactions Managing Others
What is RPA and what does it provide?
Robotic Procesa Automation
Provides opportunities to automate many routine, clerical activities