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Business Environment Assignment - Aveva Plc

   

Added on  2020-10-05

9 Pages3159 Words259 Views
BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION................................................................................................................................3TASK 1.................................................................................................................................................31. Demonstrate an understanding of different types of innovation and technology and how they have impacted the economic progress of the country, with particular emphasis on business organisations....................................................................................................................................32. Give practical illustrations of how innovation and technology have impacted the operations, sales and the profits of your chosen company.................................................................................4TASK 2.................................................................................................................................................51. Demonstrate an understanding of corporate governance.............................................................52. Explanations of Archie Carroll’s Pyramid of CSR: - Economic responsibilities, legal responsibilities, ethical responsibilities and philanthropic responsibilities.....................................6CONCLUSION....................................................................................................................................8REFERENCES.....................................................................................................................................9

INTRODUCTIONBusiness environment refers to a factor which is made up of several number of internal andexternal elements, so that organisation can perform their functions and also serve their profits forattaining their goals and objectives. For completing this report, the chosen organisation is AvevaPlc, which is one of the biggest technological organisation of the world. This report will help indetailing about that what is innovation and technology and how this help in economical growth ofan organisation. Along with this, a study will take place on impact of innovation and technology onsales and revenue of Aveva Plc (Apăvăloaie, 2014). Another part of report will help in explainingthat what is CSR activities and also how this is useful for an organisation.TASK 11. Demonstrate an understanding of different types of innovation and technology and how they haveimpacted the economic progress of the country, with particular emphasis on businessorganisations.Innovation refers to new and unique ideas which are very much creative, so that organisationor individual find some solution for any problem or can introduce some thing different at their workplace. Where as, technology is referred to techniques, process, and methods which are use by themso that they can produce good quality products and services in efficient and effective manner.Technology and innovation are inter related elements, as a person or organisation having innovativemind set are able to invent new technologies in their functioning and also are able to implementnew technologies in effective manner. Where as, organisations and individuals having new andgood technologies in their functioning are able to implement some innovative ideas in theirfunctioning in effective manner. This will help them in improving their functionality and also helpin increasing effectiveness of functions performed by them. In this task, a discussion will take placeon impact of innovation and technology on economical growth of a nation. UK, is one of thebiggest business environment of the world, and use to provide a good business place, so thatorganisations can implement some innovative ideas in their functioning and also help them inimplementing new technologies in their operations. This all help them in making effective and costefficient process of production (Bah and Fang, 2015). As innovation and technology help anorganisation in increasing their sales and revenue along with their profits, which directly results ingrowth to nations economy. Innovation is very much important for an individual, organisation and for a nation, as thishelp them in implementing some thing new and unique in their functioning, so that they can grow

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