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Business Environment Assignment : Aveva PLC

   

Added on  2020-12-09

12 Pages3208 Words163 Views
FinanceMechanical EngineeringPolitical Science
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Business environment
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Table of contentINTRODUCTION...........................................................................................................................................1TASK 1..........................................................................................................................................................11. Demonstrate the understanding of innovation, and the role of technological change in economic progress...................................................................................................................................................12. A brief overview of the Aveva PLC and the impact of innovation on the operation, sales and profit ofthe Aveva PLC..........................................................................................................................................2CONCLUSION...............................................................................................................................................3INTRODUCTION...........................................................................................................................................3TASK 2..........................................................................................................................................................41. A brief of corporate governance including the responsibilities of the board director to the stakeholder..............................................................................................................................................42. A model for corporate social responsibility by Archie Carroll..............................................................5CONCLUSION...............................................................................................................................................6REFERENCES................................................................................................................................................7
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INTRODUCTIONInnovation means new idea, new imaginations and creative thoughts in form of methodand device. It is also defined as an application that can be give better solution to meet the needsof existing market as well as unarticulated needs. Present study is based on Aveva PLC. It is aBritish multinational information technology company that provides industrial and engineeringsoftware. Its headquartered in Cambridge, UK. It is listed in London stock exchange. The reportwill include the role of technological change in economic progress. Furthermore, it defines theimpacts of the innovation on the operations, sales and profits of the Aveva PLC.TASK 11. Demonstrate the understanding of innovation, and the role of technological change ineconomic progress.Innovation:-It is a process that helps to translate an invention or idea into a product and service thatmay be create values for the customers. It is implemented for the new improvement in theproduct and services, an organisational method, business practices, marketing method, externalrelation and workplace organisation. Innovation can be new for the firm, market as well asworld. But innovation is very difficult to understand in modern economy. So, many researchersgive clear and useful definition of the innovation. Innovation is not just implementing andintroducing new methods and ideas. Innovation is a process that involves many activities touncover new way to do things(Huamaní and et.al.,2017). The role of technological change in economic progress.At the fast paced environment, the technology is advanced as well as globalisation is increased.It means the competition is increased as well as distance is get shorter to achieve the desire goalsbecause of technology. The technology plays an important role in order to the progress of thecompany. Technology is related to the economic growth of the company because the technologyis the primary source of the company for their economic development. There are varioustechnology changes accurse in a year that helps to enhance the capacity of the company as wellas contributes to provide long term growth to the company. From the various research, it hasbeen defined that technology and economic is related to each other because with the help oftechnology company can achieve their goals effectively. The high level of technology provides1
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