Flashcards in Section D Simple Deck (7)
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1
Q
What does finance have the biggest influence on in to ‘information to impact’ model?
A
Influence
Impact
Advise
Apply
2
Q
What does tech and automation has the biggest influence on it the ‘information to impact’ model?
A
Information
Insight
Assemble
Analyse
3
Q
What is outsourcing?
A
Contracting out aspects of work
4
Q
What is a shared service centre?
A
Org chooses to consolidate activities at one site
5
Q
What are transaction costs?
A
Indirect costs incurred in performing a particular activity. E.g. expenses incurred through outsourcing
6
Q
What functions does McKinsleys report suggest will be automated by tech?
A
Data Collection Data Processing Applying Expertise Stakeholder Interactions Managing Others
7
Q
What is RPA and what does it provide?
A
Robotic Procesa Automation
Provides opportunities to automate many routine, clerical activities
