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Innovation and Technology | Assignment

   

Added on  2020-10-22

11 Pages3044 Words354 Views
BusinessEnvironment
Innovation and Technology | Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Innovation and technology......................................................................................................12. Innovation and technology have impacted the operations, sales and profit............................2TASK 2............................................................................................................................................31. Demonstrate an understanding of corporate governance........................................................32. Application of Archie Carroll's Pyramid of CSR....................................................................5CONCLUSION................................................................................................................................7REFRENCES...................................................................................................................................8.........................................................................................................................................................9
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Innovation and Technology | Assignment_3
INTRODUCTIONBusiness environment is sum of internal as well as external factors like employees,customers need or expectations, management, demand and supply, clients, activities bygovernment, marketing and social trends, economic changes etc.. all these give impact onorganisation function in both direct or indirect manner (Babu, 2012). This report is classified in 2section, first part is based on Britvic PLC; which is a British producer of soft drinks and listed inLondon stock exchange. On the other hand, second part is based on G4S Plc which is Britishmultinational security service provider organisation and its headquarter in London. Respectiveassignment will going to discuss role and importance of innovation along with technology tobring changes as well as how it will impact on operations of company. In addition, it will discussrole and importance of corporate governance as well as board of director for accomplishingdesirable outcomes. In the end, report will enlighten CSR model of Archie Carroll's fordemonstrating understanding. TASK 11. Innovation and technologyInnovation is the procedure through which company can implement their new ideas andthoughts within products or services for providing value to customers by amount paid by them.Innovation is important for an organisation for business growth and development. There are twotype of innovation i.e., evolutionary and revolutionary (Bah and Fang, 2015). Evolutionary arethose which are made through incremental advancement within technology. On the other hand,revolutionary innovations are new. Innovations help in generating revenue for the company aswell it can create high at the time of launching new product within market area. The imitatorstake less risk as they will start a new product in market. Whereas, technology is the procedurewhich help in doing day to day activities in easy manner. It can be use in several areas such asscaling business, communication, transportation and so on. With the assistance of technologywork of organisation is not becoming easy even people are getting relax in their daily homeactivities. Innovation and economic development both are two term and these have direct relationwith each other it has been analyse through several economists. In simple term, advancement intechnology direct result in development within economy at worldwide level. It has been examine1
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