Background: Marcus Finlay is the owner of ‘Page Turner’, a
large bookshop selling newly published books, second-hand books and remainder
stock (surplus stock from big publishing houses) located in Cork city. Marcus
has a staff of three, Jim manages the warehouse, Frances is his book-keeper and
Abigail works in the shop with Marcus. Frances uses a third-party accounting
software package and only 10% of supplier invoices received by Page Turner are
in electronic format. Marcus never saw
the sense in having an on-line presence, seeing it as both additional expense
and additional work as he had neither the time or expertise to manage the
shop’s on-line presence and would have to outsource the set-up and ongoing
management of the website. The Covid-19 lockdown restrictions has forced Marcus
to re-assess the need for not just an on-line presence but also the need to
facilitate on-line sales and shipment to his customers.
Required – complete both part a) and
part b):
Part a)
“Implementing disruptive technologies
is simply the latest management fad and won’t have a long-lasting impact on how
finance work is conducted”.
Debate the above statement,
referencing the preparatory reading material and the additional reading
material you have sourced.
(60
marks)
Part b)
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