Business Environment Assignment PDF

Added on - Nov 2020

Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 3 of 10 pages
Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1TASK 1............................................................................................................................................1Understanding of innovation and the role of technological change in economic growth...........1Overview of company and demonstrate how innovation impact the operation, sales and profitof the organisation.......................................................................................................................3TASK 2............................................................................................................................................4Briefly explain Corporate Governance along with responsibility of BOD to the stakeholders..4Explain Four areas of CSR through Archie Carroll model.........................................................5CONCLUSION................................................................................................................................6REFERENCE...................................................................................................................................8
INTRODUCTIONBusiness environment is the mixture of internal as well as external factors whichinfluence or affect the organisation. These factors also affect each other and it will impact theoperation of business (Belloc, 2012). It is a marketing term which affect the internal environmentalong with their ability and it helps in developing and maintaining successful customer relation.Further it will helps in organisation to achieve their business goals & objectives which increaseproductivity as well as profitability. This report divided into two parts where first part choseBritvic Plc, which is British producer of soft drinks and it is based in Hemel Hempstead. It isfounded in 1845 and important people of the business is John Daly. For second part BovisHomes Group Plc is UK based house building company and it based in Kings Hills. This filecontain information regarding innovation & how it impact and CSR in context of organisationwith the help of Archie Carroll model.MAIN BODYTASK 1Understanding of innovation and the role of technological change in economic growthTechnological innovation consist new product or processes and change in the technologyto producing any goods. Innovation implement in the organisation when they introduce newproduct in the market. Technical change impact the economy and it's growth all over the worldwhere company use innovative technology in order to gain more productivity or profitability.Economic growth influenced by the change in technology due to this innovation and technologyadvancement are critical to critical in economy. Companies spend huge amount on their R&Dpart where they determined the innovative technology which help the company to grow. With thehelp of four methods business can identify the growth through innovation and it include R&D,human capital, learning by doing and public infrastructure.Change in the technology will help the economy to grow because it is regarded asprimary source in economic development. Various or regular changes in the technologycontribute for the development of underdeveloped countries (Hopkins, 2017). Both factors areinter related or impact each other. Rapid growth in the economy van be achieved through highlevel of technology. Economic growth only achieved by the innovation or technological progressin the organisation. Growth of Net National income of developing country not able to claim that1
Desklib Logo
You are reading a preview
Upload your documents to download or

Become a Desklib member to get access