logo

Archie Carroll Model of Corporate Social Responsibility : Report

   

Added on  2020-07-23

14 Pages3964 Words160 Views
Business Environment

Table of ContentsINTRODUCTION...........................................................................................................................1Main body...................................................................................................................................11.) Demonstrate your understanding of innovation, and the role of technological change ineconomic progress.......................................................................................................................12.) Practical illustrations of how innovation has impacted the operations, sales and the profitsof Rolls Royce.............................................................................................................................31.) Demonstrate your understanding of corporate governance, including the responsibilities ofthe Board of Directors to the stakeholders and, the 5 basic principles of corporate governance......................................................................................................................................................42.) Explain the four areas that make up corporate social responsibility as identified by ArchieCarroll. Give relevant practical examples...................................................................................6CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10

Illustration IndexIllustration 1: Archie Carroll CSR Model........................................................................................7

INTRODUCTIONThe advancement of technology has impacted the functionality of trade entity to a greaterextent. The technological and environmental innovation helps in better handling of wide range ofbusiness operations that has been followed by business organisation. The technical innovationsthat have been followed by an enterprise will support a good growth and development ofenterprise (Savrul, Incekara and Sener, 2014)For the report, Rolls Royce has been taken for assessment. It is a UK based, luxury automobile manufacturing firm. It lays an emphasis on advance usage of internet and effectiveutilization of technical tools and techniques like cloud storage for the better handling of businessoperations that will support better growth and development of business operations. Besides this,the Archie Carroll model of Corporate Social Responsibility that has been followed by citedorganisation for effective growth on economic and social level (Moroni, Arruda, and Araujo,2015).Main bodyQuestion A1.) Demonstrate your understanding of innovation, and the role of technological change ineconomic progress.Innovation is the process to develop a new product or improve the work quality ofexisting item to meet the operational needs and demands in a better way. It helps to handle thebusiness operations that will lay a very deep impact on growth of economic conditions of acompany. Apart from this, innovation also involves the adoption and implementation of widerange of organisational functions that will help in better growing and development of anorganisation as well as a country. The better management of business operations and functionswill help in suitable management of wide range of requirements of their stakeholders as well ascustomers, who are associated with a business entity (Reynolds and Rohlin, 2014). The effectivefollowing and utilization of technical advancement and innovative processes will help in betterhandling of the tangible and non tangible assets of Rolls Royce and this will help in better andsustainable rise in its productivity and profitability of an organisation. Besides this, theadaptability of innovation will also support the R & D department in an enterprise and willsupport efficient management of intellectual property of a business and lead to development ofhigh quality products and services. The advancement of technology which has been adopted by a1

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Innovation and Technology in Business Environment of a country
|15
|3853
|357

Impact of Innovation and Technology on Sales, Profit and Growth of Lloyds PLC
|12
|3246
|24

Innovation and Technological Change in Economic Progress
|9
|3174
|28

Impact of Innovation and Technology on Economic Growth and Operations of Kingfisher Plc
|11
|3138
|21

Role of Technology and Innovation in Business Environment
|12
|3695
|58

Innovation and Technology Impact on Economic Growth and Corporate Social Responsibility
|13
|3388
|99