4 Business Processes and IT Integration Flashcards
(40 cards)
What are business processes?
A set of structured activities aimed at achieving specific organizational goals, like a “recipe” for business operations.
Why are business processes important?
They improve efficiency, ensure consistency, enhance customer satisfaction, and enable scalability.
What is a real-world example of an optimized business process?
McDonald’s success is built on standardized food preparation and customer service workflows.
What is the role of operations in business?
Managing production, supply chains, and service delivery.
How does IT enhance operations?
IT enables real-time monitoring, automation, and predictive maintenance.
Example of IT in operations?
KazMunayGas optimizes oil extraction with advanced IT systems.
What is the role of HR in business?
Recruiting, training, and managing employees.
How does IT improve HR management?
IT streamlines recruitment, automates payroll, and enhances employee performance tracking.
Example of IT in HR?
Air Astana uses HR software for employee training and performance tracking.
What is the role of finance in business?
Budgeting, accounting, and financial reporting.
How does IT improve financial operations?
IT automates transactions, enhances fraud detection, and improves financial accuracy.
Example of IT in finance?
ForteBank utilizes IT for online banking and fraud prevention.
What is the role of marketing in business?
Acquiring customers, branding, and increasing sales.
How does IT transform marketing?
IT enables data-driven advertising, personalized promotions, and automated campaign tracking.
Example of IT in marketing?
Magnum Cash & Carry uses IT for targeted promotions and loyalty programs.
What are the key benefits of IT in business?
✅ Increased efficiency and automation
✅ Reduced operational costs
✅ Enhanced accuracy and decision-making
✅ Better customer engagement
What are the main challenges of IT integration?
❌ High initial investment
❌ Cybersecurity risks
❌ Need for skilled professionals
❌ Employee resistance to change
Example of successful IT-driven business transformation?
Kaspi Bank revolutionized banking in Kazakhstan with a mobile app, AI-driven customer service, and data analytics.
How does IT optimize supply chains?
IT enables real-time inventory tracking, route optimization, and supplier collaboration.
Example of IT in supply chain?
Magnum Cash & Carry uses IT to reduce overstocking and optimize inventory.
What is the role of CRM in business?
Managing customer interactions and improving retention.
How does IT enhance CRM?
IT enables personalized marketing, automated customer follow-ups, and data-driven insights.
Example of IT in CRM?
Kaspi Bank uses CRM to offer tailored loan options, increasing customer satisfaction.
How does IT help in risk management?
IT predicts risks using AI, enhances cybersecurity, and ensures regulatory compliance.