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The Global Business Environment InTRODUCTION 1 TASK 11 1. Innovation and Technology in Business Organisations

   

Added on  2020-10-22

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The Global BusinessEnvironment
The Global Business Environment InTRODUCTION 1 TASK 11 1. Innovation and Technology in Business Organisations_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Demonstrate the understanding of various form of innovation and technology and how theyhave impacted the economic progress of the country, with specific emphasis on businessorganisations...............................................................................................................................12. A brief overview of chosen company, and practical illustrations of how innovation hasimpacted the operations, sales and the profits of selected company...........................................3TASK 2 ...........................................................................................................................................4Corporate Governance ...............................................................................................................4History of corporate governance in the UK ...............................................................................4Responsibilities of Board of Directors .......................................................................................5Archie's Carroll's Pyramid of CSR ..........................................................................................6Corporate Social Responsibility .................................................................................................7CONCLUSION ...............................................................................................................................8REFERENCES ...............................................................................................................................9
The Global Business Environment InTRODUCTION 1 TASK 11 1. Innovation and Technology in Business Organisations_2
The Global Business Environment InTRODUCTION 1 TASK 11 1. Innovation and Technology in Business Organisations_3
INTRODUCTIONThe global business environment can be described as the environment in severalcountries that influence the decision making on resources use and capabilities. It can be dividedin to two factors that is internal or external environment. In this present assignment Card FactoryPlc has been selected as an organisation in task 1.This company is a chain of greeting cards anddifferent gift stores in United Kingdom. In the task 2 Brewing Dolphin Plc has been taken whichis a largest British investment management or financial planning company, founded in the yearof 1762 in London UK. Along with this discussion will be made on task 1 is depends on the CardFactory company in relation to the innovation or technologies, whereas task 2 is based onBrewing Dolphin Plc in relation with Corporate Social Responsibility. TASK 11. Demonstrate the understanding of various form of innovation and technology and how theyhave impacted the economic progress of the country, with specific emphasis on businessorganisations.Innovation is the process of translating idea or invention in to the product and servicesthat develop good value and for which customers will pay in a good manner. In order to be makeinnovative idea should be replicable at the cost of economic system and must be satisfy customerneeds and requirement in a effective manner. That's why it is very much essential for developingunique thought and ideas to satisfying consumer requirement in a good way. On the other sideinnovation take place by the provision of very much effective or essential product, services,technologies or business models that are prepare and available in the market, society andgovernment. Innovation is the more effective approach or a consequence in order to makeattractive society and government system as well. Lastly, this can be said innovation is aproduction or adoption of social or economic values in order to generate the development of newproduction in an appropriate way (Aarikka-Stenroos, Sandberg, and Lehtimäki, 2014). Technology is the application of scientific knowledge to the practical aims of everyhuman life and sometime, it changes or manipulate the human environment like daily routine andeveryday activities of them. It is the collection of different skills, methods, techniques which isused in the production of goods and services in order to accomplish the objectives or goals. Inthe other term technology can be the knowledge of various techniques, processes or various1
The Global Business Environment InTRODUCTION 1 TASK 11 1. Innovation and Technology in Business Organisations_4

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