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Greater use of digital technology key terms
Study Greater use of digital technology with curriculum-aligned Key Terms resources, practice links, and exam-focused support.
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key terms
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Topic
Greater use of digital technology
Key terms
Digital technology strategy
Digital technology strategy is a Business concept used to analyse Explain pressures to adopt digital technology including automation, e-commerce, big data and data mining.. 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.
automation
automation affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.
e-commerce
e-commerce has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.
big data
big data becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.
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.
Digital technology strategy financial impact
Digital technology strategy financial impact becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.
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