Evaluation of Corporate Social Responsibility

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1An Evaluation of Kingfisher PLC Business EnvironmentAlex RoxapcAffiliationDate
2Table of ContentsAn Evaluation of Kingfisher PLC business Environment...............................................................4Task 1: Introduction.........................................................................................................................4An Evaluation of Innovation and Technology.................................................................................4How Innovation and Technology Have Contributed to Economic Growth of a Country...............4How Business Organizations use New Technologies in Their Operations.....................................6Impact of innovation and technology on Kingfisher PLC...............................................................6Overview of Kingfisher PLC.......................................................................................................6Utilization of New Technologies by Kingfisher PLC.................................................................7Task 2: An Evaluation of Corporate Social Responsibility.............................................................8Defining Corporate Governance and Corporate Social Responsibility.......................................8History of Corporate Governance in the UK...............................................................................9Importance of CSR for Kingfisher PLC....................................................................................10An Evaluation of Archie Carroll's Pyramid of CSR..................................................................11Application of Economic CSR at Kingfisher PLC................................................................11Application of Legal CSR at Kingfisher PLC.......................................................................12Application of Ethical CSR at Kingfisher PLC.....................................................................12Application of Philanthropic CSR at Kingfisher PLC...........................................................13Conclusion.....................................................................................................................................13Bibliography..................................................................................................................................15
3Executive SummaryThe report was tasked to evaluate various aspects regarding innovation and technology aswell as corporate governance and corporate social responsibility (CSR). The study evaluatedinnovation as a process of generating new outcomes such as the introduction of new products.On the other hand, technology regarded different ways man fashions tools and machines in theneed to understand the environment. Both innovation and technology were evaluated tocontribute to the economy by enhancing labor productivity that translated to a high output inproducing goods and services.The study evaluated Kingfisher PLC to utilize new technologies by providing e-commerce platforms where consumers were able to access their products. The studyconsequently evaluated corporate governance as a system to which organizations are governed.On the other hand, corporate social responsibility regarded a regulatory model whereorganizations should be socially accountable. Kingfisher PLC was evaluated through ArchieCarroll's pyramid as socially accountable. Regarding observing ethical aspects, Kingfisher PLCwas observed to put in place anti-bribery and anti-corruption policies.
4An Evaluation of Kingfisher PLC business EnvironmentTask 1: IntroductionBusinesses and organizations do not exist in isolation. As such, businesses depend on theenvironment to thrive in their daily operations. Businesses are often subjected to working aroundinternal and external factors that affect their delivery of service and products. The factors mayregard how they respond to customer needs, manage employee expectations, and developproducts based on innovation and technology as well as observing different organizationstructures.To this understanding, the study will seek to evaluate the importance of different types ofinnovation and how they have impacted economic progress. The study will consequently assessthe importance of corporate governance and corporate social responsibility for Kingfisher PLC.An Evaluation of Innovation and TechnologyThe term innovation regards a process to which new outcomes are generated. Regardingbusiness, innovation implies the introduction of new ideas in developing new products andservices. According to(Vernardakēs, 2016), innovation is largely dependent on the output itprovides as compared to the process. On the other hand, technology regard to different waystools and machines are fashioned by a man to understand the environment while increasing theircontrol(Vernardakēs, 2016, p.30).How Innovation and Technology Have Contributed to Economic Growth of a CountryAccording to (Morrisson, 2017), the economic growth of a country regards an increase inthe production capacity of goods and services to the market. There are varied factors that
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