Induction Business Environment INTRODUCTION

Business Environment

INTRODUCTION
Business environment enables in identification of business and their opportunities by
utilizing resources, assist in planning with improve overall performance by bringing growth and
profitability in a business. There are two types of business environment in which micro and
macro environment consist in it. In an organisation innovation and corporate social responsibility
are very much important for an organisation to gain competitive advantage to reach at desirable
goals and objectives. This report is based on Craneware Plc that develops, licenses and support
computer software in health care industry in united states. That organisation and their
subsidiaries offers patient engagement and their regarding solution in which medical necessity,
software as a service are major attributes. This report is based on role and importance of
innovation in organisational development and enhancement with economic progress. The
another part of report is based on G4S which is an British multinational security company
headquartered in London, England. It also includes role and importance of corporate governance
that helps to organisation, board and shareholders to gain competitive advantage.
MAIN BODY
TASK 1
Impact of Innovation.
Innovation is one of most essential part for any organisation that helps in bring out
development, adaptation and deliver product to ultimate consumer. Innovation defines about
qualify assumptions that should be helpful in organisational growth and enhancement. The worth
of innovation resides in that it give competitive advantage and helps in improving overall growth
that can not be understated (Alles and et. al., 2018.). Technological innovation is one of
important concept that developed within scientific and innovational studies that relates to nature
and technological change in works and practices. It is an dynamic networks of agents that
interact in an specific industrial area for an particular infrastructure and involved in generation,
utilization and diffusion of works and activities (Ardichvili and et. al., 2012.). Innovation which