Learning objective
Evaluate the value of digital technology for business strategy and functional performance.
Read the explanation, check the common trap, then practise with flashcards and questions.
At a glance
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Flashcards
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Questions
Topic
Greater use of digital technology
Subtopic
Digital technology strategy
Study support
Understand this objective
Quick explanation
Evaluate the value of digital technology for business strategy and functional performance
- This point belongs to Greater use of digital technology, especially Digital technology strategy.
- You need to be able to evaluate the value of digital technology for business strategy and functional performance.
- The key ideas to know are digital technology.
- Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.
Key concepts
Why it matters
This objective helps connect Digital technology strategy to exam-style questions, flashcards, and revision notes for Greater use of digital technology.
Quick student answer
How do you evaluate value of digital technology for business strategy and functional performance in business?
Direct answer
For Business, this page helps you revise value of digital technology for business strategy and functional performance in Greater use of digital technology. Focus on the key terms, the exam command, and a clear answer that matches the question. Key terms to check are Digital technology strategy and digital technology.
Key terms
- Digital technology strategy: Digital technology strategy is a Business concept used to analyse Evaluate the value of digital technology for business strategy and functional performance.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.
- digital technology: digital technology should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.
- Digital technology strategy decision: Digital technology strategy decision affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.
- Digital technology strategy stakeholder impact: Digital technology strategy stakeholder impact has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.
Common trap
Digital technology strategy common mistake 1: Show the method first, then give the final answer in the required form. Apply this directly to Digital technology strategy.
Related questions
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Question 1 of 4
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Flashcard prompts
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Flashcard 1 of 4
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Revision tools
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Practice Questions0 linked questions
Revision notestopic notes
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Open revision notesRelated learning objectives
- Explain pressures to adopt digital technology including automation, e-commerce, big data and data mining.
Digital technology strategy
