SBL 6

a mix of executive and non-executive directors.

In large companies NEDS should be at least 50% of the board.

like conventional financial statements.

The cash generated from the cash cows can be used to invest in the question marks, so securing the long-term future of the company.

Such alliances are allowed in airlines where the takeover of one airline by another is often resisted on monopolistic or nationalistic grounds.

It might occasionally be called ‘two-way risk’. Examples include developing a new product, entering a new market, buying a more advanced machine and developing a new web-site. Each of these good go well or badly.

Gross risk is sometimes referred to as inherent risk.

What you are trying to protect. E.g. property, people, reputation. | What you are trying to protect against. E.g., destruction of property, theft, damage to reputation. | Weaknesses that can be exploited. E.g., no fire alarms, cash not banked, poor PR.

Its estimated likelihood of occurrence after mitigation. | Likely impact before mitigation after mitigation. | Post mitigation rating. | Date response implemented. | Signed off by risk owner.

For example, some organisations are a bit happy-go-lucky when it comes to risk management whereas others are extremely strict and want things to be done by the book.

The aim is to align risks with the entity’s risk tolerance and risk appetite. Risk tolerance is the acceptable variation in outcome compared to an original objective.

Explicit knowledge. Generally that’s the knowledge which is written down. We know where to find it, we know what it is. It has been captured.

Can be applied to reject data outside an allowed range; format of number checks. | Where one piece of data implies something about another (like outward date). | Number, is specially constructed to comply with mathematical rules (like bank account no.).

There could well be a state of panic just after the disaster.

2 | The 6Is of e-business

for example the site Expedia allows you to compare different flights from different airlines. It’s a new form of intermediary.

An example is Opodo which is run by several of the large airlines. When you go to that site, the site shows only flights provided by the owners of the site.

.e. sell more, sell related products or sell more expensive products (upselling).

Think of Volkswagen in 2015 with the diesel emission scandal.

Predictive analytics: a type of data mining which aims to predict future events. E. g, the chance of someone being persuaded to upgrade a flight. | Text analytics: scanning text such as emails and word processing documents to extract useful information.

This means that there are a number of suppliers of similar but not identical goods.

Typically a new inkjet printer might cost around $100, but then to renew the ink cartridges might be costing about $70.

All forms of crowd-funding can suffer from poor regulation and poor investor protection compared to more conventional equity and loan finance.

This is a mathematical process that can take any piece of data, no matter of what size and produce from that data a unique (or almost) series of numbers and letters: the hash. However, it is virtually impossible to go back from the hash to the data.

2

Magnanimity - magnanimity is like generosity, particularly when you have won a battle; humility.

more participative approach.

Handy said that each of these variables could be what he described as ‘loose’ or ‘tight’.

Leader. | Subordinates. | Task. | Environment.

Each of these variables could be what he described as ‘loose’ or ‘tight’.

However, even in some large organisations there can be a very charismatic Chief Executive Officer who with force of personality manages to wield great power. Current corporate governance rules suggest that the CEO and Chairman should be different people.

Organisational culture classification by Charles Handy:

This isn’t of great importance in most organisations.

Such as water, energy, pharmaceuticals, defence equipment)

What are the process, its information flows and the movement of materials? | Once there is agreement about what a process consists off, this step establishes the level of performance required. | how is the process monitors, controlled and improved?

For example, procurement, HR accounting and IT are coordinated across functions and across regions.