Impact of Innovation, Business Ethics and CSR on Modern Business Organizations

Business Environment

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK...............................................................................................................................................3
Assess the impact of innovation on modern business organisations ..........................................3
Impact of innovation on the modern business companies has been discussed below:- ............4
Assess the impact of business ethics and corporate social responsibility (CSR) on modern
business organisations.................................................................................................................5
CONCLUSION ...............................................................................................................................8
REFERENCES:.............................................................................................................................10
Books and Journals:..................................................................................................................10
Online .......................................................................................................................................10

INTRODUCTION
Business environment may be define as those external forces or factors which are not in
the control or beyond the control of the institution. As business environment is very dynamic in
nature and because of this different types of business face challenges and complexities in order
to run their business(Bubanja and Madzar, 2019) . The business environment comprises different
components like consumer, supplier, technologies, competitor, government, stakeholder, social,
legal and many other factor which have a immense effect on the different business functions.
This report is going to give information about Hikma Pharmaceuticals plc which is a
multinational pharmaceutical brand of Unite Kingdom. This British company was founded in
1978 and the founder of the company is Samih Darwazah. The company deals in manufacturing
of non- branded generic and in-licensed pharmaceutical products. The following report is going
to covers the impact of innovation on the modern business environment in relation to the
respective company. Along with this, this report also cover the impact of corporate social
responsibility (CSR) and business ethics on the modern business organisations.
MAIN BODY
TASK
Assess the impact of innovation on modern business organisations .
Innovation may be define as a technique in which the goods and services of the company
has been modified or evaluated by using latest process and method. Due to this the value of the
product has been increased in the market. In context to Hikma Pharmaceutical Plc, the
innovation strategy of the company has been discussed below:-
 Product :- This refers to all the goods and services of the company in which they are
dealing in order to satisfy the need and demand of the consumer. In relation to the Hikma
pharmaceutical plc, the branded segment of the company comprises 499 products in 1256
dosage strength(Črešnar and Jevšenak, 2019). The company also deals in injectables
product like argatroban, fentanyl, and many more along with this the generic products
like amoxicillin, cephalexin etc.
 Process :- this element refers to the manufacturing of goods and services so that they can
fulfilled the market demand. In relation to the Hikma Pharmaceutical plc, this included