MORE Flashcards
(9 cards)
What is an ecosystem?
Network of organisations involved in the delivery of a product or service
What is disruptive technology?
Relates to instances where technology is used to fundamentally change and disruption the existing business model in an industry
Abilities leadership team must demonstrate
Inspirational leadership
Competitive edge
Establishing strategic direction
Influence external parties
Collaboration
Business judgement
Execution
Building talent
What is corporate governance?
The system by which companies are directed and controlled
Cadbury report
Characteristics of governance
Fairness
Openness/transparency
Innovation
Scepticism
Independence
Probity/honesty
Responsibility
Accountability
Reputation
Judgement
Integrity
What is CSR?
Refers to a firms obligation to maximise its positive impacts upon stakeholders while minimising the negative effects
What is sustainability?
Use of resources in such a way that they do not compromise the needs of future generations
Internal audit role
Reporting on effectiveness of controls
Ensures procedures are being followed
Liase with external auditors
Assist with implementation of accounting standards
What is sensitivity analysis?
Shows as a % hoe much ONE variable has to change before NPV becomes zero
