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5.4.2 The potential impact Technical Change in Organizations Fill in the Blanks

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Test your knowledge on the benefits and drawbacks of technical change in organizations!

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5.4.2 The potential impact Technical Change in Organizations Fill in the Blanks
 

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5.4.2 The potential impact Technical Change in Organizations Fill in the BlanksVersion en ligne

Test your knowledge on the benefits and drawbacks of technical change in organizations!

par Muhammad Asif
1

penalties financial sales customers operational consequences revenue organisations compliance stakeholders employees impact loyalty strategies management investors community risks trust sustainability reputation

The potential of identified on the and their can be significant . Risks can affect various aspects of an organisation , including stability , , efficiency , and regulatory . Stakeholders , such as , , , and the , may experience direct or indirect from these risks . For instance , financial losses due to operational risks can lead to layoffs , affecting employees and their families . Similarly , a damaged reputation can result in decreased customer and , impacting and . Furthermore , regulatory compliance failures can lead to legal , affecting not only the organisation but also its stakeholders . Therefore , it is crucial for organisations to identify , assess , and mitigate risks proactively to safeguard their interests and those of their stakeholders . By implementing effective risk , organisations can enhance resilience , maintain stakeholder confidence , and ensure long - term .

2

backup lost stolen restored information corrupted Loss organisation day carried backed


Data and being or so that it can no longer be used . If an has their data and information up , then it can be in a . However , whatever has been out since the last that can be used , will be .

3

orders security bankrupt lost compensation cyber compromised sales financially data business confidence

Financial ? when and information is or corrupted , a can suffer . This can be due to the loss of and invoices , as well as the cost of ? person hours ? for the lost work and for carrying out the restore and recovery process . If customers ? personal data is , then the organisation will legally be required to pay . This can result in thousands of pounds being paid out and , in some instances , organisations have been known to go for this reason . In addition , organisations have increased costs as they must improve the of their systems and technology . Any attack can create a situation where the customers lose in the business and this can result in a loss of . Customers and suppliers may lose out financially as their information is obtained by .

4

trustworthy business lost data stability attack negative cyber impact Reputational customers suppliers

? when a has been the target of a , and and information has been or stolen , there will invariably have a on the reputation of the business . The business will not be considered by and / or and the of the company to function will be reduced . Customers may change to another supplier and suppliers may refuse to supply the business with the goods required to function .

5

organisation cyber impact time-consuming data Operational Disruption installation business customers attack suppliers restored reinstalled functions


? when has to be due to a , there is invariably an on the operation of the . The of data and information can be . In addition , organisations rely on data to carry out their , whether this is internally or externally with and . Until the data is , the business is on hold .

6

organisation customers Commercial function severity sector financial activities business attack consequences impact utility heat cyber

? the biggest for any of a is the impact on its day - to - day . Depending on the type of attack , the business may not be able to at all . The of the impact depends on the business . If a company were unable to function due to a cyber attack , then the could be extremely severe , not only from a point of view to the business , but for their who could be without and light for long periods of time .

7

company warehouse implementation commercial technology strategy procurement marketing value risks director benefits products meeting farmers d quality audience customers enquiry office stakeholders managers UK website Côte cocoa import producers finance drawbacks functionality

A has started up a business to from the ? Ivoire . The Côte d ? Ivoire is a country situated in north - west Africa and it is well known for being one of the largest cocoa in the world . The business has links with the cocoa who own the cocoa plantations . The business has working in : Côte d ? Ivoire , Russia , UK , EU . The business has an and a . Within the office there is the of the company , a department , department , department and administration staff . The warehouse has a warehouse manager and the employees who receive the cocoa products from the Côte d ? Ivoire into the warehouse and despatch them to the locations identified by the commercial managers in each of the areas . The business has a which promotes the products , and an form for to complete to request information on the cocoa products and the prices . Recently the director had a with the commercial managers who travelled to the UK to discuss expanding the digital available to enhance the of the business . You work for an IT development company and have been asked to produce key information for the director : How the key areas within the organisation can use technology to improve the functionality of the business while meeting the needs of the and customers , as well as ensuring the of the products / services offered . How digital technology can be used to market the cocoa products to a wider . How digital technology can be used for meetings between the director and the commercial managers without them having to travel to the UK or other destinations . The and of implementing digital technology . The , constraints and dependencies involved of implementing digital technology . An overview of how the of digital technology can add to the business . An overview of the risks involved of implementing a digital technology .

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